Time to give back
As the Covid-19 pandemic wreaks havoc worldwide, the need for humanitarian assistance has risen dramatically. While GCC states such as the UAE have been at the forefront of donating aid globally, are regional corporations stepping up their CSR agendas and fulfilling their social responsibilities?
BY AARTI NAGRAJ
The Covid-19 pandemic has changed life as we know it. With the death rate and case count growing by the day across the world, it has taken a heavy toll on healthcare systems. It has also devastated economies, forced companies to shut down, and pushed some of the most vulnerable people on the planet into extremely tough circumstances.
The situation has triggered the need for massive amounts of funds to assist countries struggling to deal with the pandemic, as well as communities that have been hit the hardest. The first iteration of the World Health Organization’s (WHO) strategic preparedness and response plan called for a total resource requirement of $675m, of which $61.5m were for activities covering the period of February to April 2020. “As this outbreak evolves, funding needs are likely to increase,” the WHO has stated. So far, contributions have come from across the world, including Kuwait ($60m – the biggest donor globally so far) and Saudi Arabia ($10m), with the kingdom having pledged to provide more assistance.
This story is from the Gulf Business May 2020 edition of Gulf Business.
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This story is from the Gulf Business May 2020 edition of Gulf Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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