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Gates Injects $750M in Troubled Global Fund

By JOHN HEILPRIN | Associated Press – 12 hrs ago

DAVOS, Switzerland (AP) — Bill Gates pledged $750 million on Thursday to fight three killer diseases and rescue a beleaguered health fund whose financial losses have cost it donor support.

The Microsoft founder said he is lending his “credibility” to the Geneva-based Global Fund to Fight AIDS, Tuberculosis and Malaria by making the donation through a promissory note so the fund “can immediately use the money and save lives.”

Gates’ announcement at the World Economic Forum — a magnet for the world’s business and political elites who pushed for the fund’s creation — was part of an orchestrated attempt by the fund to galvanize donors on its 10th anniversary.

“These are tough economic times, but that is no excuse for cutting aid to the world’s poorest,” Gates told reporters.

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3 comments

  1. Juice

    god damn bleeding heart commie liberal lefty democrat friend of commie liberal lefty democrat warren buffet

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    • razorsedge

      so if u have more money than god, its not good to give it away? in america u can do what u want with your OWN money.

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  2. Jakegint

    I wonder why he doesn’t donate it to additional gummint spending like Bruce and Uncle Warren want (but won’t pony for)?

    I mean, shit, he can afford it, right? And that’s the only criterion, no?

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