The Bill and Melinda Gates Foundation will invest USD10 billion over 10 years to develop and deliver vaccines to the world’s poorest countries, The Chronicle of Philanthropy reports.
The couple made the pledge at the World Economic Forum in Davos. They hope the action would inspire governments, corporations and other donors to support efforts to develop vaccines against diarrhea and pneumonia, in a bid to save the lives of 8.7 million children in the developing world by 2019.
“We’ve made vaccines our No. 1 priority at the Gates foundation because we’ve seen firsthand their incredible impact on children’s lives,” Melinda Gates said.