Gates Foundation Reveals New Funding Stance

The Bill & Melinda Gates Foundation has announced that it will allocate $400 million in guarantees, equity investments and loans, instead of traditional grants, in the coming months. This shift will expand the type of aid provided by the foundation and, according to Alexander Friedman, the foundation's chief financial officer, "leverage our balance sheet," the

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.