Gates Donates $750 Million - DreamTeamDownloads1, FTP Help, Movies, Bollywood, Applications, etc. & Mature Sex Forum, Rapidshare, Filefactory, Freakshare, Rapidgator, Turbobit, & More MULTI Filehosts

FreaknDavid · 26-01-12, 15:31

Gates donates $750 million to fight AIDS, TB and malaria

By Irene Chapple, CNN
Updated 8:00 AM EST, Thu January 26, 2012

Microsoft founder Bill Gates speaks Thursday at the World Economic Forum in the Swiss resort of Davos.

Davos, Switzerland (CNN) -- The Bill & Melinda Gates Foundation will inject $750 million into the Global Fund to Fight AIDS, Tuberculosis and Malaria, Microsoft co-founder Bill Gates announced Thursday at the World Economic Forum.

The donation comes in the form of a promissory note, not as cash, which the Gates Foundation said "gives the Global Fund the flexibility and authority to distribute funds efficiently based on immediate needs."
"By supporting the Global Fund, we can help to change the fortunes of the poorest countries in the world," Gates said in a statement. "I can't think of more important work."

At a news conference at the World Economic Forum in Davos, Gates said the funds could be used immediately to "saves lives, whether it is bed nets (to protect against mosquitoes carrying malaria) or TB (tuberculosis) treatment, those are two diseases that don't get perhaps the visibility of the work done in HIV but they are every bit as important."

The investment comes on top of $650 million the Gates Foundation has already contributed since the Global Fund was launched 10 years ago. The fund has been under scrutiny after controversy over the possible misuse of funds. Dr. Michel Kazatchkine, executive director of the fund, said Tuesday he would resign in March after leading the organization for five years. Kazatchkine cited the fund's decision to appoint a general manager as part of its "ambitions transformation plan" as the reason for his departure.

Speaking to journalists with Simon Bland, the Global Fund's chair, Gates downplayed the controversy. The way it had been written about was "pretty disappointing," he said. "If you are going to do health programs in Africa, you are going to have some percentage that is misused."

"The interest is saving lives," Gates said, adding there were "all sorts of things that are going on that far overwhelm any amount of misdirection or whatever it was."

yak · 28-01-12, 15:11

This article says he's donating 750 million, but I'll bet (with his money) that he's given away a ****load more than we'll ever hear about.

26-01-12, 15:31	#1
FreaknDavid Join Date: Mar 2011 Location: In The Hills of Tennessee Posts: 6,631 Thanks: 7,332 Thanked 7,261 Times in 4,751 Posts Awards Showcase Total Awards: 5	Gates Donates $750 Million Gates donates $750 million to fight AIDS, TB and malaria By Irene Chapple, CNN Updated 8:00 AM EST, Thu January 26, 2012 Microsoft founder Bill Gates speaks Thursday at the World Economic Forum in the Swiss resort of Davos. Davos, Switzerland (CNN) -- The Bill & Melinda Gates Foundation will inject $750 million into the Global Fund to Fight AIDS, Tuberculosis and Malaria, Microsoft co-founder Bill Gates announced Thursday at the World Economic Forum. The donation comes in the form of a promissory note, not as cash, which the Gates Foundation said "gives the Global Fund the flexibility and authority to distribute funds efficiently based on immediate needs." "By supporting the Global Fund, we can help to change the fortunes of the poorest countries in the world," Gates said in a statement. "I can't think of more important work." At a news conference at the World Economic Forum in Davos, Gates said the funds could be used immediately to "saves lives, whether it is bed nets (to protect against mosquitoes carrying malaria) or TB (tuberculosis) treatment, those are two diseases that don't get perhaps the visibility of the work done in HIV but they are every bit as important." The investment comes on top of $650 million the Gates Foundation has already contributed since the Global Fund was launched 10 years ago. The fund has been under scrutiny after controversy over the possible misuse of funds. Dr. Michel Kazatchkine, executive director of the fund, said Tuesday he would resign in March after leading the organization for five years. Kazatchkine cited the fund's decision to appoint a general manager as part of its "ambitions transformation plan" as the reason for his departure. Speaking to journalists with Simon Bland, the Global Fund's chair, Gates downplayed the controversy. The way it had been written about was "pretty disappointing," he said. "If you are going to do health programs in Africa, you are going to have some percentage that is misused." "The interest is saving lives," Gates said, adding there were "all sorts of things that are going on that far overwhelm any amount of misdirection or whatever it was." __________________ Rock Out With DreamTeamDownloads1-The Best Place To Be For Downloads. You Can Help the site If You Donate, Please Click Here: DONATE Thank You For Your Support & Membership To DTD1.

28-01-12, 15:11	#2
yak Junior Member Join Date: Jan 2012 Posts: 6 Thanks: 1 Thanked 12 Times in 6 Posts	Re: Gates Donates $750 Million This article says he's donating 750 million, but I'll bet (with his money) that he's given away a ****load more than we'll ever hear about.

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)