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HomeWorldGates Foundation announces $1.27 bn assistance to meet global goals

Gates Foundation announces $1.27 bn assistance to meet global goals

Announcement comes over a week after the foundation noteed that nearly every indicator of the Global Goals is off track at the halfway point for achieving them by 2030.

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New York: The Bill and Melinda Gates Foundation has announced assistance totalling USD 1.27 billion to meet global goals in the field of health and development.

The announcement of financial assistance come over a week after the foundation in its annual Goalkeepers Report notes that nearly every indicator of the Global Goals is off track at the halfway point for achieving them by 2030.

Despite these challenges, the report highlights opportunities to accelerate progress by investing in long-term solutions and innovative approaches to entrenched issues, including poverty, inequality, and climate change.

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The official release said that the funding will address overlapping global crises that have reversed the progress already made toward achieving the UN Sustainable Development Goals (Global Goals).

“This week has underscored the urgency of the challenges we face, and the promise of sustainable solutions that save and improve lives,” said Mark Suzman, Gates Foundation CEO.

“We can get back on track toward the SDGs, but it’s going to take a new level of collaboration and investment from every sector. That’s why our foundation is significantly stepping up our commitment to help confront crises now and ensure long-term impact across critical determinants of health and development.”

The Goalkeepers event that concluded on Tuesday witnessed global leaders and changemakers discuss current and future efforts to achieve the Global Goals. Prime Minister of Barbados Mia Mottley, Prime Minister of Spain Pedro Sanchez, Bill Gates, Melinda French Gates and more than 300 young changemakers and other emerging and established leaders from around the world participated in the event.

“The last time we gathered in person for Goalkeepers, we talked about how the most well-intentioned programs can perpetuate inequities if the communities they want to reach aren’t involved in the design,” said Co-chair Melinda French Gates.

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A lot has changed since 2019, but one thing hasn’t: We won’t make progress toward the Global Goals unless those with lived experiences have a seat at the table. I am proud of our Goalkeepers Award winners and the many partners from all corners of the world who are working to develop this next generation of leaders,” she said.

The funding will go toward the Global Fund’s goal of saving 20 million more lives from HIV, TB, and malaria; building more resilient health systems to prevent future pandemics; and putting the world back on track to end these diseases by 2030, the release said.

“We see the greatest progress when governments, the private sector, and local communities collaborate in global health programs,” said Bill Gates, co-chair.

The commitment this week to combat preventable diseases and save millions more lives through the Global Fund replenishment is a great step forward in getting back on track to reach the Sustainable Development Goals, he added.

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The foundation said that, since 2002, health programs supported by the Global Fund partnership have saved 50 million lives.

This funding will help accelerate efforts to end HIV, TB, and malaria by 2030 and build resilient health systems needed to protect against future pandemics. It also will be instrumental in reducing the disproportionate impact of these diseases on women and girls, it said.

The foundation committed $100 million to help alleviate the food crisis disproportionately impacting communities in Africa and South Asia and address its underlying causes whereas another $200 million goes to expanding global Digital Public Infrastructure.

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