Davos 2012: Bill Gates commits $750m to fight AIDS

 
Bill Gates The Gates Foundation's donation follows a previous donation 10 years ago

The Bill and Melinda Gates Foundation has committed a further $750m (£479m) to a global fund to combat AIDS, tuberculosis and malaria.

"These are tough economic times, but that is no excuse for cutting aid to the world's poorest," said Microsoft founder Bill Gates at the World Economic Forum (WEF).

The Global Fund is a 10-year-old public-private partnership.

The fund says it saves 100,000 lives a month.

The WEF's annual gathering is being held in the Swiss ski resort of Davos.

More than 2,600 delegates - including world leaders, economists and business chiefs - are attending the conference.

"By supporting the Global Fund, we can help to change the fortunes of the poorest countries in the world," said Mr Gates. "I can't think of more important work."

The Gates Foundation has given $650m since the Global Fund was launched 10 years ago at Davos.

Controversy

The Global Fund has faced controversy after it reported a "grave misuse of funds" in four countries last year, which caused major donors such as Germany to freeze their donations.

The current head, Michel Kazatchkine, will step down in March and former banker Gabriel Jaramillo is to take over.

Mr Gates said at Davos that some corruption is inevitable in large-scale charitable endeavours such as this, and it should not overshadow the good work of the Global Fund.

The Fund says that it has provided medical treatment to 3.3 million people, detected and treated 8.2 million people with tuberculosis, and provided 230 million bed nets to families to prevent malaria.

On Wednesday, Mr Gates said that "the world is better off" because of capitalism.

"We're going through a tough period, but there is no other system that has improved humanity," the Microsoft founder told the BBC.

The Bill and Melinda Gates Foundation has given $26bn to fund health, development and education projects.

 

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  • rate this
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    Comment number 72.

    It's funny how the average man see's wealth, people criticize anyone's wealth be that rich or poor. Bill Gates may be super rich, but to give away as much money as he does and asks for nothing in return is amazing.....he would never get a part on dragon's den, those 5 is like getting money from a Scotsman ( I am Scottish myself but we like a joke at ourselves ) Good on him.

  • rate this
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    Comment number 71.

    @7. Ananda: It's funny how you get rated down for lifting the lid on the truth. How naive people are............

  • rate this
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    Comment number 70.

    Bill Gates life of helping the world poor makes him 21 st century saint...He used his status & power to heal the wounds of the disadvantaged...May Almighty God Bless Bill Gates!!!

  • rate this
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    Comment number 69.

    From what little I`ve understood from the Davos meet, both Canadian PM Stephen Harper & Britisher Mr George Soros, if he was there, - were the only 2 with a handle on the current Global èconomic` fierce predicament. Mr Soros gave us a firm understanding [BBC Radio 4 Stephany Flanders] of why the single EU currency is doomed to failure. Corporate types bite off more than they can chew (aka greed)

  • rate this
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    Comment number 68.

    100% on target kipd. Some people react out of jealousy that he is so wealthy, but he knows the true meaning of share the wealth. He is giving more to this one charity, he gives to many, than M. Lagarde is asking over 75 countries to give to the IMF. Warren Buffet has left him and additional 50 billion to give away.

  • rate this
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    Comment number 67.

    @65.JackEmerald ,
    Thanks! My thoughts, too & I am an American.

  • rate this
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    Comment number 66.

    Any way you cut it Gates is a class act. He is sure a world leader at giving money away.
    If people find fault with him because he is an American then I don't like them because they live on earth. touçhê hòmô ërëctü. →

  • rate this
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    Comment number 65.

    @zelod
    I'm glad America teaching you such good values - help yourself before thinking about the 9 million children that die every year in resource-poor countries. What makes American lives so much more valuable than anyone else's? My hat goes off to Bill Gates for his willingness to donate such an enormous sum to the countless people he will never never meet but whose lives he will change.

  • rate this
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    Comment number 64.

    Bill Gates is American. If I assume correctly, most people who post on these articles are from the UK. I find it astounding then that he is finding such support on this forum given the amount of anti-American sentiment on this website. Its so saddening that you Britons hate America so much for its various wars when I still appreciate the UK despite its imperialism.

  • rate this
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    Comment number 63.

    I think the money should have gone to help people in his own country there are millions of Americans who do not have proper insurance or health care
    ya it sucks to be in a poor nation that has even worse health care but thats their own governments faults

  • rate this
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    Comment number 62.

    Selhurstboys...the "old boys expressions" were a a lighthearted jab at your name, but never mind.However, I feel you are making a quantum leap here...I have not stated that such people should rely only upon the spur of the moment generosity of the wealthy...how do you get there ? Contributions by the rich, middle class, various NGO's, and Govt, are not mutually exclusive .They need more help,OK?

  • rate this
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    Comment number 61.

    @60. Agedsage Resorting to old boys expressions just shows you don't have much to say and weakens your case. The whole point about such a discussion is to put things into context and, yes, the bigger picture. You can't seriously believe that the worst off people in this world by no fault of their own should rely on the spur of the moment genorosity of rich individuals?

  • rate this
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    Comment number 60.

    Selhurstboys...
    uh, well, yes...the comments were directed to the article concerning the pledge of money from Gates and his incidental action (generosity), for which the world is better off. The article was not about your bigger picture. Focus, my friend, focus. The bigger picture is not unseen, just not the topic, old chap.

  • rate this
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    Comment number 59.

    @53 Agedsage You're wrong...I do find good in many things including people that bother to read my posts and make a comment! Regarding your point, I think people like you can't see the big picture and focus only on the incidental action of an individual which the world, of course, should never have to rely upon.

  • rate this
    -1

    Comment number 58.

    53.Agedsage:
    "People like Drevor and selhurstboys, etc are incapable of finding good in anything. "
    **
    Maybe the Ghost of Christmas Past will visit them before it's too late....

  • rate this
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    Comment number 57.

    @50. cjtsmith...correct and I realised as soon as I posted that some sad person more interested in semantics than substance will comment on that but I think most people will get what I'm talking about. The point is clear to most...but if you still have trouble just ignore the last statement after the word "flawed".

  • rate this
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    Comment number 56.

    How did Drevor#46 rude/insulting comment get through? Gates & other philantropists should be praised not insulted. If Drevor knew that even the poorest American is better off than many in Africa, Asia, Latin America and many parts of the world, he/she will think otherwise. By the way, rich people reserve the right to give away their money as they see fit. Every human life is precious.

  • rate this
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    Comment number 55.

    Over_populations: Evidently you have never studied history, or you would know that there have been plagues, wars and calamities since events were first recorded, and this is definitely not the time when 'more people are suffering than ever before'.
    We get more information from all parts of the world in this age, so the scale is enhanced in our minds.

  • rate this
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    Comment number 54.

    45.selhurstboys said:

    "Any political system that relies on significant support from charities is fundamentally flawed and that means capitalism is a failure!"

    Capitalism is the West's main economic system not its political system, which is Democracy. Most countries where famine and disease are endemic have neither democracy nor free-market capitalism, but are totalitarian states.

  • rate this
    +2

    Comment number 53.

    People like Drevor and selhurstboys, etc are incapable of finding good in anything. Lack of education is probably is probably the reason. Gates and other very wealthy people can certainly find other means by which to dispose of money, so I find it admirable that he and they put this money to work for proper and much needed humanitarian efforts. Curing , abating diseases is of great benefit to all.

 

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