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Bill Gates, UK in $4.2b Fight Against Malaria

Bill Gates, UK in $4.2b Fight Against MalariaBill Gates, UK in $4.2b Fight Against Malaria

Tech billionaire Bill Gates and Britain’s chancellor of the Exchequer unveiled a plan to spend billions to defeat “the world’s deadliest killer” malaria on Monday.

Chancellor George Osborne and Gates announced $4.28 billion in funding over the next five years for research and to support efforts to eliminate the mosquito-borne disease, in a joint article in The Times, AFP reported.

“When it comes to human tragedy, no creature comes close to the devastation caused by the mosquito,” the two wrote. “We both believe that a malaria-free world has to be one of the highest global health priorities.”

The fund would be made up of around $710 million a year from Britain’s overseas aid budget for the next five years, as well as $200 million this year from The Gates Foundation, with more donations to follow.

There were 438,000 malaria deaths in 2015, most of them of children aged under five, and the majority of them in Africa, according to the World Health Organization.

Efforts to control the disease have made significant progress in the last 15 years, but are threatened by the spread of resistance to anti-malarial drugs and to insecticide, the WHO said in its World Malaria Report 2015.

It comes days after Gates announced plans for a $100 million scheme to cut malnutrition in Nigeria.

 

Financialtribune.com