The European Commission on Monday announced an allocation of €232 million (some $251 million) for global efforts to tackle the deadly coronavirus.

“The European Commission is working around the clock to support EU Member States and strengthen international efforts to slow the spread of COVID-19,” the commission said in a statement.

The commission noted that a part of these funds will be allocated immediately to different sectors, while the rest will be released in the next months.

Janez Lenarcic, a commissioner for crisis management, said: “With more than 2,600 lives lost already, there is no option but to prepare

Read more: EU allocates $251M fund to tackle coronavirus outbreak