Francois_Volunteering at clinic
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10th anniversary of innovative aid program celebrates millions of lives saved. Davos, Switzerland -- The Bill & Melinda Gates Foundation today renewed its commitment to the Global Fund to Fight AIDS, Tuberculosis and Malaria. Announced at the World Economic Forum in Davos, Switzerland, the Gates Foundation is giving $750 million through a promissory note—a new and innovative funding mechanism. "These are tough economic times, but that is no excuse for cutting aid to the world's poorest," said Bill Gates, co-chair of the Gates Foundation. "The Global Fund is one of the most effective ways we invest our money every year." Providing funding through a promissory note gives the Global Fund the flexibility and authority to distribute funds efficiently based on immediate needs, leading to greater impact. "By supporting the Global Fund, we can help to change the fortunes of the poorest countries in the world," said Gates. "I can't think of more important work." Global Fund financing helps developing countries fight against AIDS, tuberculosis and malaria.