Bill Gates has found the news of Spain’s planned cuts in foreign aid ”disappointing.”
The co-founder of the Bill & Melinda Gates Foundation made the remark during a June 4 press briefing hosted by the Barcelona Healthcare Institute in Spain.
In May, the Spanish government unveiled its austerity budget, which included a reduction of 600 million euros in its official development assistance over the next two years. The plan passed the Spanish parliament May 28.
“While [Gates] welcomed the government’s commitment to return to their ODA target of 0.7 percent of Gross National Income by 2015, he stressed the importance that all political parties in Spain sustain the commitment to reach this target,” a news release from the foundation read.
In the same event, Gates described 2010 as a “critical year for development.” He added that the financial troubles of the world’s rich should not be used as a reason for failing to meet promises to help the poor.
“Instead, we should challenge ourselves to support the right investments, and to focus on solutions that show the clearest, most defined, positive results,” he said.