Gates Foundation Invests USD10B in 10-Year Vaccine Effort

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.

About the author

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    Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.