SHÂN ROSS Thu 10 Aug 2006
BILL Gates, the richest man in the world, has given $500 million
(£260 million) to a cash-strapped charity which helps people
suffering from AIDS, malaria and tuberculosis.
The donation from the Bill and Melinda Gates Foundation set up by Mr
Gates, the co-founder of Microsoft, is the largest private donation
ever received by the charity.
Richard Feachem, the executive director of the Global Fund to Fight
AIDS, TB and Malaria, welcomed the donation but said more cash was
"Even with this support, it is likely that the fund will need an
additional $500 million to reach our goal of $1.1 billion to fully
fund all of the grants that we expect to approve for our sixth round
of funding," he said.
Mr Gates said: "The Global Fund is one of the most important health
initiatives in the world today."
The cash gift was announced yesterday, less than a week before the
16th International AIDS Conference, being held this year in Toronto.