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Gates pledges $750m to Aids fund

2012-01-26 14:00

Davos - Microsoft chairperson and philanthropist Bill Gates pledged a further $750m to the troubled global Aids fund on Thursday and urged governments to continue their support to save lives.

"These are tough economic times, but that is no excuse for cutting aid to the world's poorest," he said in Davos at the annual meeting of the World Economic Forum.

The Global Fund to Fight Aids, Tuberculosis and Malaria announced two days ago that its executive director, Michel Kazatchkine, was stepping down early following criticism over misuse of funds and cuts in funding.

The public-private organisation, based in Geneva, accounts for around a quarter of international financing to fight HIV and Aids, as well as the majority of funds to fight TB and malaria.

But it has been forced to cut back and said last year it would make no new grants or funding until 2014.

The Bill & Melinda Gates Foundation is giving $750m through a promissory note - a fresh injection in addition to the $650m that the Gates charity has contributed since the fund was launched 10 years ago.

Comments
  • Citizen - 2012-01-26 14:21

    Having worked with your organisation in Botswana and knowing the good work you have done there, i can honestly say your name will go down in history as being more than 'Mr Microsoft'you are already creating a legacy of 'putting your money where it can do the most good'.Now where are our SA billionaires in the aids fight...the answer is nowhere.

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