Gates Foundation to donate $912 million to Global Fund to fight AIDS, Tuberculosis and Malaria
The Gates Foundation will provide $912 million to the Global Fund to Fight AIDS, Tuberculosis and Malaria, philanthropist Bill Gates announced, as he called on governments to reverse global cuts to health funding.
Speaking at a Reuters Newsmaker event in New York, Gates said the world was at a crossroads, with millions of children at risk of death if funding falls too sharply.
The Gates Foundation's pledge matches its 2022 donation. That was the last time the Global Fund, an independent nonprofit based in Geneva, raised money in its three-year budget cycle. The announcement comes after deep aid cuts from governments around the world, led by the United States.
"A child born in northern Nigeria has a 15% chance of dying before the age of 5. You can be part of improving that, or you can act like it doesn't matter," Gates said in an interview ahead of the Goalkeepers Foundation's annual event in New York on Monday.
The event aims to accelerate progress towards the United Nations' global development goals set for 2030, including improving health and ending poverty.
The Gates Foundation, the philanthropy started by the Microsoft co-founder and his then-wife in 2000, is one of the world's largest funders of global health initiatives, with a particular focus on ending preventable maternal and infant deaths, treating infectious diseases and lifting millions of people out of poverty.
Earlier this year, Gates pledged to donate almost all of his $200 billion fortune by 2045, sooner than planned due to the urgent need around the world.
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