Bill Gates donates $750 million to battle AIDS, tuberculosis and malaria
Latest donation comes on top of $650 million initially made 10 years ago
Microsoft co-founder Bill Gates has announced that the Bill &
Melinda Gates Foundation will donate $750 million into the Global Fund
to Fight AIDS, Tuberculosis and Malaria. The announcement was made this
week at the World Economic Forum. The investment comes on top of $650
million the Gates Foundation has already contributed since the Global
Fund was launched 10 years ago.
'By supporting the Global Fund, we can help to change the fortunes of the poorest countries in the world,' Bill Gates said in a statement. 'I can't think of more important work'
"By supporting the Global Fund, we can help to change the fortunes of the poorest countries in the world," Gates said in a statement. "I can't think of more important work.
"These are tough economic times, but that's no excuse for cutting aid to the world's poorest," Bill Gates told the forum.
Gates says the funds could be used immediately in order to "save lives, whether it is bed nets (to protect against mosquitoes carrying malaria) or TB (tuberculosis) treatment, those are two diseases that don't get perhaps the visibility of the work done in HIV but they are every bit as important."
However, the fund has been under scrutiny after controversy over the possible misuse of funds. Dr. Michel Kazatchkine, executive director of the fund, announced this week he would resign in March after leading the organization for five years. Kazatchkine cited the fund's decision to appoint a general manager as part of its "ambitions transformation plan" as the reason for his departure.
Gates downplayed the controversy, saying that the way it had been written about was "pretty disappointing," he said. "If you are going to do health programs in Africa, you are going to have some percentage that is misused.
"The interest is saving lives," Gates said, adding there were "all sorts of things that are going on that far overwhelm any amount of misdirection or whatever it was."
Gates pointed to the significant work the fund had done to help "change the fortunes of many of the world's poor through its prevention and treatment programs among 150 countries."
© 2012, Catholic Online. Distributed by NEWS CONSORTIUM.
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Pope Benedict XVI's Prayer Intentions for January 2013
General Intention: The Faith of Christians. That in this Year of Faith Christians may deepen their knowledge of the mystery of Christ and witness joyfully to the gift of faith in him.
Missionary Intention: Middle Eastern Christians. That the Christian communities of the Middle East, often discriminated against, may receive from the Holy Spirit the strength of fidelity and perseverance.
Keywords: Bill Gates, Melinda Gates, philanthropy, AIDS, tuberculosis, AIDS
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