Local

Bill Gates gives $20 billion to his foundation to stem ‘significant suffering’ caused by global setbacks

Bill Gates, who is concerned about the “severe hardship” caused by the global recession including COVID-19, announced on Wednesday that he will contribute $ 20 billion to his foundation so that it can spend more money. the title of the year. Assistance, including a long-time board member of Berkshire Hathaway. President Warren Buffett’s $ 3.1 billion donation last month brought the Bill and Melinda Gates Foundation award to nearly $ 70 billion, making it the largest, if not the largest in the world, in terms of stock prices. regular. In an article on the foundation’s website, Bill Gates said he hoped “some of the most powerful and privileged people will rise at this time again.” Related video above: Warren Buffett donates $ 3.6 billion in shares to five foundations, including The Bill & Melinda Gates Foundation The Gates Foundation plans to increase its annual budget by 50 percent before the outbreak of about $ 9 billion by 2026. The foundation hopes more funding will improve education, reduce poverty and restore global development by ending treatable diseases and achieving gender equality. According to the United Nations Development Program, 71 million people have been thrown into poverty since Russia’s invasion of Ukraine in February, mainly due to rising food and energy. Families in the Balkans, the Caspian Sea and sub-Saharan Africa are particularly vulnerable. The UN World Food Program reports that the number of hungry people now stands at 345 million, an increase of 25 percent since the start of the Ukraine war. “Despite the many setbacks in the world over the past few years, I see a lot of courage and dedication around the world and I believe that there is a possibility of progress,” said Bill Gates, the foundation’s vice president in a statement. “But the major crises of our time require us all to do more… I hope by giving more, we can reduce some of the people who are suffering right now and help fulfill the foundation’s mission to give everyone a chance live a healthy life. Melinda French Gates says more spending will help provide more “effective recovery.” In a statement, French Gates said on the website “Hunger Pains: the Growing Global Food Crisis” on the Gates website, Mark Suzman, chairman of the Gates Foundation, Mark Suzman, said 20 years of the development the world is in now has stopped it. the conflicts that led to the Russian invasion. However, global crop growth has been largely local. “We have the tools. We have the science. We have the knowledge,” Suzman said. “What we need is political will and resources.” These resources include contributions from charities. Suzman said the Gates Foundation is investing heavily in linking agricultural development with relevant countries, as well as providing drought-tolerant maize or rice varieties that can withstand floods to areas where they can be used more efficiently. , says Suzman. However, relief efforts are limited. Suzman said the response of the world’s richest nations not only fell short of what is currently needed, but also fell short of what the world had given a decade ago during a similar crisis. “This is our most important area of ​​opportunity for integration,” he said. “That has a real impact on creating a stable political stability and economic development, which is something I think everyone wants to see.” He writes that “Political divisions limit our political ability to negotiate, compromise, and collaborate while undermining the commitment of the local and international leadership needed to address these threats,” he said. “Polarization forces us to look back, to fight again for the protection of fundamental human rights, social justice, and the principles of democracy.” While achieving gender equality was one of the foundation’s first investment opportunities, in his memoir, Bill Gates outlined the Supreme Court. overthrow of Roe v. Wade as “a major setback for gender equality, women’s health, and human development as a whole.” “It will put lives in danger for women, people of color, and anyone who lives on the border.”

Bill Gates, who is concerned about the “severe hardship” caused by global setbacks including COVID-19, announced on Wednesday that it will contribute $ 20 billion to its foundation so that it can spend more. which she spends a year.

The donation, along with longtime Berkshire Hathaway board President Warren Buffett’s $ 3.1 billion grant last month, brought the Bill and Melinda Gates Foundation donation to nearly $ 70 billion, making it the largest, if not the largest in the world, depending on the size. stock evaluation. In an article on the foundation’s website, Bill Gates said he hoped “some of the most influential and influential people will stand up at this time.”

Related video above: Warren Buffett donates $ 3.6 billion to five foundations, including the Bill & Melinda Gates Foundation

The Gates Foundation plans to increase its annual budget by 50 percent on pre-outbreak measures to nearly $ 9 billion by 2026. The foundation hopes to increase spending on education and poverty alleviation. and restoring global progress in ending treatable diseases and achieving gender equality that will help end the disease. it has been suspended in recent years.

According to the United Nations Development Program, 71 million people have fallen into poverty since Russia invaded Ukraine in February, mainly due to rising food and energy prices. Families in the Balkans, the Caspian Sea and sub-Saharan Africa are particularly vulnerable. The UN World Food Program reports that the number of hungry people now stands at 345 million, an increase of 25 percent since the start of the Ukraine war.

“Despite the many setbacks in the world over the past few years, I see a lot of courage and dedication around the world and I believe that there is a possibility of progress,” said Bill Gates, the foundation’s vice president in a statement. “But the major crises of our time require us all to do more… I hope by giving more, we can reduce some of the people who are suffering right now and help fulfill the foundation’s mission to give everyone a chance live a healthy life. and a blessed life. “

Melinda French Gates, vice-president of the group, said more spending would help provide more “meaningful recovery.”

In a statement, France’s Gates said: “Assistance has a key role to play in helping people around the world recover from the epidemic and rebuild a system that has left many people vulnerable in the first place.”

On the website “Hunger: The Growth of a Global Food Crisis” on Monday, Gates Foundation President Mark Suzman said two decades of progress had halted the current global crisis caused by Russia’s occupation. However, global crop growth has been largely in place.

“We have the tools. We have the science. We have the knowledge,” Suzman said. “What we need is a policy and resources.”

These resources include contributions from charities. Suzman said the Gates Foundation is investing heavily in linking agricultural development with relevant countries, as well as providing flood-proof maize or rice varieties to areas where they can be used more efficiently.

However, relief work is limited, he said. Suzman said the response of the world’s richest nations has not reached what is currently needed, and has even fallen short of what the world has provided over the past decade during a similar crisis. “This is our most important area of ​​opportunity for integration,” he said. “This has a real impact on the political stability and economic development, which I think everyone wants to see.”

In his essay, Bill Gates writes that inequality in the United States makes the war and global crises worse. He writes that “Political divisions limit our political ability to negotiate, compromise, and collaborate while undermining the commitment of the local and international leadership needed to address these threats,” he said. “Polarization forces us to look back and fight for basic human rights, social justice, and the principles of democracy.”

While achieving gender equality has long been one of the foundation’s key investment priorities, in his article, Bill Gates singled out the Supreme Court’s ruling against Roe v. Wade as a “major setback for gender equality, women’s health, and overall human development. . “

He added: “The fight that could lead to a recession is horrific.” “It will put lives in danger for women, people of color, and anyone who lives on the border.”

Bill Gates gives $20 billion to his foundation to stem ‘significant suffering’ caused by global setbacks Source link Bill Gates gives $20 billion to his foundation to stem ‘significant suffering’ caused by global setbacks

Related Articles

Back to top button