• Voter paralysis

    With so much tilting voters against change, democratic reason is the loser, says Solly Moeng.

  • The power of perseverance

    True grit is a reliable predictor of who will achieve success in life, says Ian Mann.

  • It's the system

    The system sucks and it’s being used far too often as an excuse, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Bill Gates pledges $750m to Aids fund

Jan 26 2012 13:23
Reuters

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

 
 
 

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
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

THE DEBT ISSUE

Debt is one of the biggest financial issues facing South Africans today. Find out how you can avoid and manage your debt with Fin24 and Debt Rescue.
 

Money Clinic

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

Voting Booth

Would you take out a payday loan?

Previous results · Suggest a vote

Loading...