France Looks to Bill Gates for Aid Financing Schemes

A solar energy research center near Riyadh in Saudi Arabia. The country is seeking to benefit from the $100 billion green fund agreed upon at last year's Cancun climate summit. Photo by: Martin Prochnik / CC BY-NC-ND

French President Nicolas Sarkozy said Feb. 18 he had asked philanthropist Bill Gates to explore new ways of mobilizing aid money for poor nations.

In an address to finance ministers gathered in Paris for the first G-20 summit to be presided by France, Sarkozy said Gates is the perfect person for the task given his expertise and commitment.

Sarkozy said Gates is due to present his conclusions in a heads of state summit slated for November in Cannes that will conclude France’s G-20 presidency, Reuters reports.

The French leader has called for the use of a financial transactions tax to raise development funding in January’s World Economic Forum in Davos, Switzerland.

>> In Davos, Nicolas Sarkozy Calls for Financial Transactions Tax

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About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.