Mobilizing financial resources for COVID-19 response and recovery plans

Jun 1, 2021

In the face of a global crisis, it is important to take quick and drastic measures that allow a strong recovery in a short time. The COVID-19 pandemic is a great example of how joint efforts are the best way to respond in the short and long term to an unprecedented health and socio-economic crisis. To this end, the United Nations created the COVID-19 Response and Recovery Fund, a UN inter-agency fund mechanism established by the UN Secretary-General to help support low-and-middle income countries to respond to the pandemic and its impacts. 

The Fund’s assistance focuses on: 

  1. Tackling the health emergency
  2. Social impact and the economic response and recovery
  3. Helping countries recover better

Several first world countries have been part of this initiative and have donated money that will be destined to the most vulnerable countries in order to support decision-making and strengthen response and recovery plans. 

We have identified the top 6 countries that have donated the most funds, and the top 5 countries to which most of the funds have been allocated.

Top 6 donor countries 

1. Norway

Financial resources donated:  17,708,207 USD

2. Netherlands

Financial resources donated: 16,853,932 USD 

3. Switzerland

Financial resources donated: 9,576,070 US

4. Denmark

Financial resources donated: 7,356,475 USD

5. Sweden

Financial resources donated: 5,500,671 USD

6. *Republic of Korea

The Republic of Korea is the first non european country on the list. 

Financial resources donated: 5,000,000 USD 

Top 5 countries that have received  funds

1. India

Received funds: 3,700,019 USD

2. Kosovo

 Received funds: 2,569,652 USD

>>Check out this country’s Response and recovery plan

3. Indonesia

Received funds: 2,000,000 USD

>>Check out this country’s Response and recovery plan 

4. Guatemala

Received funds: 1,850,000 USD

5. Cambodia 

Received funds: 1,846,325 USD

Bonus track 

  • India, the country that has received the most attention from the fund, is the third country with the most deaths caused by COVID-19, with a total of 318,895 deaths registered on May 28, 2020.
  • Brazil and Mexico, 2 countries that are in the top 5 countries with the most deaths caused by COVID-19, are not receiving money from the fund to date.