Breaking News Africa

« »

Sunday, January 29, 2012

Bill & Melinda Gates Foundation Commits $750 Million to Global Fund


François Iyamuremye and his wife Jacqueline Niyifasha live with their children in Kayenzi, Rwanda. The couple are two of nearly 100,000 HIV positive people in Rwanda.

Bill & Melinda Gates Foundation Commits $750 Million to Global Fund
10th anniversary of innovative aid program celebrates millions of lives saved

Davos, Switzerland, January 26, 2012 /PRNewswire/ — The Bill & Melinda Gates Foundation today renewed its commitment to the Global Fund to Fight AIDS, Tuberculosis and Malaria. Announced at the World Economic Forum in Davos, Switzerland, the Gates Foundation is giving $750 million through a promissory note—a new and innovative funding mechanism.

“These are tough economic times, but that is no excuse for cutting aid to the world’s poorest,” said Bill Gates, co-chair of the Gates Foundation. “The Global Fund is one of the most effective ways we invest our money every year.”

Providing funding through a promissory note gives the Global Fund the flexibility and authority to distribute funds efficiently based on immediate needs, leading to greater impact.

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

Global Fund financing helps developing countries fight against AIDS, tuberculosis and malaria. This public-private partnership creates economic opportunity and makes those living in poverty less dependent on aid.

Since 2002, investments in the Global Fund have financed innovative prevention and treatment programs in 150 countries with high burdens of disease. The Global Fund continues to save 100,000 lives a month. The Fund has provided antiretroviral 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.

The new commitment is in addition to the $650 million the Gates Foundation has already contributed since the Global Fund was launched 10 years ago at the World Economic Forum, which convenes the world’s top business and political leaders.

The foundation commends the recent political and financial commitments to the Global Fund by donor governments. All donors – rich, middle-income and poor countries as well as the private sector – must continue to invest in the lifesaving work of the Global Fund.

On the heels of releasing his fourth annual letter yesterday in London, Gates continued to challenge global leaders to invest in innovations that are accelerating progress against poverty or risk a future where millions needlessly die. While there has been tremendous progress against AIDS, TB and malaria, more must be done. Through unique partnerships and new financing mechanisms, the global community has the opportunity to have an even greater impact and save more lives.

View the letter at www.gatesfoundation.org/annualletter

For a multimedia news package go to Gates Foundation on the Newsmarket

###

Bill & Melinda Gates Foundation
Guided by the belief that every life has equal value, the Bill & Melinda Gates Foundation works to help all people lead healthy, productive lives. In developing countries, it focuses on improving people’s health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life. Based in Seattle, Washington, the foundation is led by CEO Jeff Raikes and Co-chair William H. Gates Sr., under the direction of Bill and Melinda Gates and Warren Buffett. Learn more at www.gatesfoundation.org or join the conversation on Facebook and Twitter.

Contact:
Email: media@gatesfoundation.org
Phone: +1.206.709.3400

Releases displayed in Africa/Lagos time
28 Jan 2012
12:11 Spinlet Debuts Digital Distribution Technology for African Markets at Midem 2012
01:25 International Paper, Temple-Inland Extend DOJ Review Period International Paper, Temple-Inland Extend DOJ Review Period
27 Jan 2012
21:25 Honorary Consul for South Africa Pays Tribute to Basil D'Oliveira
21:14 Michel Rolland Turns Wine To Water in Africa: Michel Rolland Turns Wine To Water in Africa:
18:34 German Authorities Recommend Removal of TiBREEZE Breast Implants Autoridades alemãs recomendam remoção de implantes para seio TiBREEZE Las autoridades alemanas recomiendan la extracción de los implantes mamarios TiBREEZE
17:26 Sky Poker Team up With Guinness World Record Holder Bryan 'The Cardstacker' Berg to Build British Landmark out of Playing Cards
16:32 Anglo American Lends its Expertise to Business Leadership Council for a Generation Born HIV Free Anglo American apporte son expertise au Comit? de direction des entreprises pour une g?n?ration n?e sans VIH Anglo American bringt seine Erfahrung in den Anglo American presta su experiencia para conseguir una generaci?n que nazca sin VIH
16:12 Noble Energy, Inc. to Present at Upcoming Credit Suisse Energy Conference
15:22 MIPIM Awards 2012 Finalists
15:00 Report Confirms Medallion's Proposed Large-Scale Monazite-Processing Strategy
14:48 Italy / New efforts for Africa
14:43 IFC Partners with Advans S.A. to Set Up Microfinance Bank in Oyo State, Nigeria
13:00 Ford Posts 2011 Pre-Tax Operating Profit of $8.8 Billion; One-Time Special Items Contribute to $20.2 Billion Net Income +
12:37 The American Graduate School in Paris Announces New Publication on the Resource Curse in Africa
12:00 America's Next Top Model Intoxicates Viewers with New Scent: DREAM COME TRUE(TM)
11:31 Inauguration of an AU/EU Travelling Exhibition at the African Union's Headquarters
11:30 UNICEF Report: Children in More Than 25 Countries Caught in Emergencies
11:00 Deluxe? Commences Digital Cinema Expansion Plan in Europe
10:28 26th Summit of the NEPAD Heads of State and Government Orientation Committee (HSGOC) opens on 28 January
10:06 18th AU Summit / Inauguration of the new AU Conference Complex




No comments: