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 FancyEnglish       Gates donates US$750 mln       百科知识

January 27, 2012

　

Gates donates US$750 mln to fight diseases 01-27-2012 12:13 BJT Special Report:2012 Annual Meeting of World Economic Forum | One of the world’s leading philanthropists, Bill Gates, is once again making a sizeable donation. Thursday, Gates donated 750 million US dollars to Global Fund to Fight AIDS, Tuberculosis and Malaria. The pledge was made as a promissory note, and was done at the world economic forum in Davos. The money is intended to tide the fund during a cash shortage. Global Fund pays for AIDS drugs for more than 3 million poor people worldwide, and has been struggling to raise funds as many government donors have backed away amid European debt crisis. The fund has also been a victim of embezzling, which also led to the cash shortfall. However Bill Gates thinks the overall good the fund does outweighs the level of theft, and says his pledge is meant to encourage other potential donors. The Bill & Melinda Gates Foundation’s donation to the global fund comes on top of the 650 million US dollars it contributed to the fund over the past decade. CCTV-News / CNTV