Gates Foundation announces budget of $8.6 bn to fund health innovations
The Bill & Melinda Gates Foundation on Monday announced its largest annual budget of USD 8.6 billion for 2024, a part of which will go towards advancing health innovations. With global health budgets in decline overall, a portion of the additional funding will go towards advancing global health innovations that will save and improve lives of some of the world's most vulnerable people, including newborn babies and pregnant women living in low-income communities, it said. The budget, which represents an increase of 4 per cent over last year and is a USD 2 billion increase over the 2021 budget, comes as global contributions to health in the lowest-income countries are stalling, the foundation announced here ahead of the start of the World Economic Forum. The foundation also committed to increasing its annual spending to USD 9 billion by 2026. "We can't talk about the future of humanity without talking about the future of health," said Bill Gates, co-chair of the Gates ...
The Bill & Melinda Gates Foundation on Monday announced its largest annual budget of USD 8.6 billion for 2024, a part of which will go towards advancing health innovations. With global health budgets in decline overall, a portion of the additional funding will go towards advancing global health innovations that will save and improve lives of some of the world's most vulnerable people, including newborn babies and pregnant women living in low-income communities, it said. The budget, which represents an increase of 4 per cent over last year and is a USD 2 billion increase over the 2021 budget, comes as global contributions to health in the lowest-income countries are stalling, the foundation announced here ahead of the start of the World Economic Forum. The foundation also committed to increasing its annual spending to USD 9 billion by 2026. "We can't talk about the future of humanity without talking about the future of health," said Bill Gates, co-chair of the Gates ...
