• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
Loading...
See More

Bill Gates pledges $750m to Aids fund

Jan 26 2012 13:23 Reuters

Related Articles

Funding crunch imperils Aids progress

SA concerned over cost of Aids

SA to tap TB, HIV patents

More firms offer cover for HIV positive

Aids drugs, rand boost Adcock profit

Aids turnaround predicted

 

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 about 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 the Gates charity has contributed since the fund was launched 10 years ago.
global fund  |  bill gates  |  malaria  |  hiv aids  |  tb
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
1 comment
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

Nkandla: Zuma 'still looking for undue benefit'

President Jacob Zuma has told supporters at an election rally in Mpumalanga that he had not wrongfully benefited from the upgrade to his Nkandla home.

 
 

Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...