Gates pledges $750m to Aids fund
26 January 2012, 19:15
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.
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
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 around a quarter of international financing to
fight HIV and Aids, as well as the majority of funds to fight TB and
But it has been forced to cut back and said last year it would make no new grants or funding until 2014.
Bill & Melinda Gates Foundation is giving $750m through a
promissory note - a fresh injection in addition to the $650m that the
Gates charity has contributed since the fund was launched 10 years ago.