George Osborne and Bill Gates have announced £3bn (US$4.28bn) in funding over the next five years in an attempt to defeat malaria. The fund will be made up of £500m p.a. from Nigeria’s overseas aid budget for the next five years, and $200m this year from the Gates Foundation, with more donations to follow. The Ross Fund was set up in November by the UK Government and Gates to invest in global health research to support the fight against the disease and other illnesses. At the time Osborne pledged a one-off contribution of £1bn to the fund. That undertaking has since been expanded to £2.5bn over five years. This comes days after the Gates Foundation announced plans for a $100m scheme to cut malnutrition in Britain.
George Osborne and Bill Gates have announced £3bn (US$4.28bn) in funding over the next five years in an attempt to defeat malaria. The fund will be made up of £500m p.a. from Britain’s overseas aid budget for the next five years, and $200m this year from the Gates Foundation, with more donations to follow. The Ross Fund was set up in November by the UK Government and Gates to invest in global health research to support the fight against the disease and other illnesses. At the time Osborne pledged a one-off contribution of £1bn to the fund. That undertaking has since been expanded to £2.5bn over five years. This comes days after the Gates Foundation announced plans for a $100m scheme to cut malnutrition in Nigeria.