Bill & Melinda Gates Foundation Announces $750 Million Contribution to the Global Fund, Affirming Support for the World's Largest Global Health Financier
WASHINGTON, Jan. 26, 2012 /PRNewswire-USNewswire/ -- Today at the World Economic Forum in Davos, Switzerland, Gates Foundation Co-chair Bill Gates announced a $750 million contribution to the Global Fund to Fight AIDS, Tuberculosis and Malaria. The funds are committed in a promissory note, a new and innovative funding mechanism that will provide the Global Fund with the flexibility to distribute funds based on immediate program needs. The contribution will help finance Global Fund-supported programs in 150 countries, and comes just two days before the Global Fund's 10th anniversary on January 28. Read more...