Bill Gates calls for more aid to go to Africa and for debt relief for burdened countries

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Bill Gates calls for more aid to go to Africa and for debt relief for burdened countries - Business Mirror

Quick Summary:

NEW YORK—The billionaire Microsoft co-founder and philanthropist Bill Gates thinks the richest governments should increase their support for African countries that have been overshadowed by development funding increasingly going toward the humanitarian response to the war in Ukraine as well as support for refugees around the world in recent years.

But she said the Gates Foundation will remain in a league of its own in terms of the scale of its resources, even without receiving the remainder of Buffett’s fortune.“They’ll still have enough money to do a lot of what they do,” she said.

In April, the Organization for Economic Co-operation and Development pointed to preliminary data from 2023 that showed overall development assistance from the richest countries had increased each year since 2019—even excluding funds for refugees, Covid-19 and Ukraine—but the portion that has gone to African countries fell in 2022 to a 20-year low of around 25 percent.