Gates puts $500m into global health fund
PrintFilling a shortfall
Posted in Business, 10th August 2006 08:39 GMT
Free whitepaper – Vulnerability management buyer's checklist
The Bill and Melinda Gates Foundation is pumping $500m into the Global Fund to Fight AIDS, Tuberculosis and Malaria - its biggest grant to the fund so far.
Gates, who is sacrificing day-to-day duties at Microsoft to lead his trust with wife Melinda, called the fund "one of the most important health initiatives in the world".
"We need to do everything we can to support its continued success, which will save millions of lives," Gates said in a statement.
The fund is projected to have a $2.1bn budget shortfall for the next two years. Founded four years ago, the fund has treated 544,000 people for HIV/AIDS, 1.4m for TB, and provided more than 11m bed nets to protect children from malaria.
The Gates Foundation will dole out its money in $100m parcels each year from 2006 to 2010, with the contributions for 2006 and 2007 supporting the fund's sixth round of financing. ®
Free whitepaper – Vulnerability management buyer's checklist
Analyst Keynote: The Register Agile Data Center Summit
What Exchange can't do - and Dell can
Enabling The Agile Data Center
Analyst Keynote: The Register Agile Data Center Summit
Google Spanner — instamatic redundancy for 10 million servers?
Early adopters bloodied by Ubuntu's Karmic Koala
Fedora 12 polishes Linux for netbooks
Sign up, sign up for The Register IT security newsletter