Bill Gates calls for more aid to go to Africa and for debt relief for
burdened countries
Send a link to a friend
[September 17, 2024] By
THALIA BEATY
NEW YORK (AP) — The billionaire Microsoft co-founder and
philanthropist Bill Gates thinks the richest governments should increase
their support for African countries that have been overshadowed by
development funding increasingly going toward the humanitarian response
to the war in Ukraine as well as support for refugees around the world
in recent years.
“There’s less money going to Africa at a time when they need it,”
whether it’s for debt relief, vaccinations or to reduce malnutrition,
Gates told The Associated Press in an interview. As a portion of aid
money, the funds going to Ukraine are “substantial,” he said.
Gates was speaking in the context of the Bill & Melinda Gates
Foundation's annual Goalkeeper’s report published on Tuesday. The report
holds a mirror to countries’ promises to achieve development goals they
set in 2015 and calculates progress for a subset of the Sustainable
Development Goals that reflect the priorities of the foundation, which
is one of the largest global health funders in the world.
Its focus this year is on child malnutrition, which the foundation
projects will be exacerbated by climate change in the coming years. The
foundation is advocating for increased used of fortified foods, high
quality prenatal vitamins and increased access to safer dairy products.
Progress towards reducing the number of children whose growth and
potential are irrevocably harmed by malnutrition is not fast enough, nor
is it happening equally around the world and within communities, said
Habtamu Fekadu, managing director for nutrition for the nonprofit Save
the Children. He said prevention efforts at scale are needed, and the
most cost-effective intervention is to encourage mothers to exclusively
breastfeed their children in the first six months of their lives.
Despite progress stalling on most of the development goals, Gates
writes, “I’m an optimist. I think we can give global health a second act
— even in a world where competing challenges require governments to
stretch their budgets.”
In April, the Organisation for Economic Co-operation and Development
pointed to preliminary data from 2023 that showed overall development
assistance from the richest countries had increased each year since 2019
— even excluding funds for refugees, COVID-19 and Ukraine — but the
portion that has gone to African countries fell in 2022 to a 20-year low
of around 25%.
Many low- and middle-income countries around the world, including in
Africa, are spending more money to pay back debts. In a report in June,
the United Nations said the burden of debt payments was limiting what
countries could spend on basic government services like health care,
education and climate action. Interest on public debt has also jumped,
as the cost of borrowing increased in many parts of the world last year,
the report found.
When asked if he saw a role for his foundation to advocate for debt
relief, Gates harkened back to a decision in 2005 when world leaders
wiped out $40 billion in debts owed by 18 of the world’s poorest
countries to the World Bank and the International Monetary Fund.
[to top of second column] |
Bill Gates reacts during a visit with Britain's Prime Minister Rishi
Sunak at the Imperial College University, in central London, Feb.
15, 2023. (Justin Tallis/Pool Photo via AP, File)
"In a just world, you would see a movement emerge on
behalf of these poorest countries to have that happen again,” Gates
said.
While the foundation has released its report around the
global development goals each September since 2017, this year marks a
change from previous years, when both Gates and his now ex-wife, Melinda
French Gates, would author a section of the report. But French Gates
does not appear this year.
She announced in May that she would step down from her role as the
foundation's co-chair. Her departure leaves Gates as the sole principal
of the foundation after its other long-time supporter, Warren Buffett,
left the board in 2021. The foundation expanded its board of trustees
after Buffet's departure.
Buffett has given some $43 billion to the Gates Foundation since 2006,
but announced this summer that after his death, he would entrust his
three adult children to give away the remainder of his fortune rather
than leaving it to the foundation, as he had initially indicated.
Gates praised both Buffett and French Gates, saying he'd recently
celebrated Warren's 94th birthday with him in Omaha, Nebraska.
“God bless Warren. He’s really unbelievable. Having Melinda leave is
unfortunate. Now, that frees her up to go do a lot of great
philanthropic work on her own,” he said.
Gates gave $12.5 billion to French Gates to use for charitable purposes
when she left. In June, she pledged to give $1 billion in the next two
years to organizations working on behalf of women and families around
the world.
The Associated Press receives financial support for news coverage in
Africa from the Bill & Melinda Gates Foundation and for news coverage of
women in the workforce and in statehouses from Melinda French Gates’
organization, Pivotal Ventures.
The Gates Foundation has one of the largest endowments of any foundation
at $75.2 billion and it planned to grant out $8.4 billion in 2024.
“We’re very lucky that my remaining resources allow us to keep being
ambitious,” Gates said.
Jessica Sklair, an anthropologist at Queen Mary University of London who
has studied the philanthropic decisions of wealthy families, is critical
of the broad influence the Gates Foundation has had on shaping
international development without democratic accountability. But she
said the Gates Foundation will remain in a league of its own in terms of
the scale of its resources, even without receiving the remainder of
Buffett’s fortune.
“They’ll still have enough money to do a lot of what they do,” she said.
All contents © copyright 2024 Associated Press. All rights reserved |