Bill Gates, co-chair of the Bill & Melinda Gates Foundation, receives an exclusive interview with Xinhua in Seattle, the United States, on Nov. 13, 2019. (Xinhua/Qin Lang)
"We have a responsibility to meet this global crisis with global solidarity," said Gates Foundation co-chair Melinda Gates.
SAN FRANCISCO, April 16 (Xinhua) -- The Bill & Melinda Gates Foundation on Wednesday rolled out a series of expanded measures including an additional 150 million U.S. dollars to combat COVID-19 globally.
According to the announcement, the added funds will finance the development of diagnostics, therapeutics, and vaccines, as well as new efforts to provide partners in Africa and South Asia with resources to scale their COVID-19 detection, treatment, and isolation efforts, the announcement said.
Furthermore, the foundation will also leverage a portion of its 2.5 billion Strategic Investment Fund, which uses a suite of financial tools to address market failures and incentivize private enterprise to develop affordable and accessible health products, the foundation said.
In announcing the funding, the foundation called on world leaders to unite in a global response to COVID-19 to ensure equitable access to diagnostics, treatments, and vaccines.
Photo provided by Bill & Melinda Gates Foundation shows that Bill Gates (R) and Melinda Gates pose for a photo after annotating the 2019 annual letter in Kirkland, Washington, the United States, on Jan. 8, 2019. (Xinhua)
"We have a responsibility to meet this global crisis with global solidarity," said Gates Foundation co-chair Melinda Gates.
"The world community must understand that so long as COVID-19 is somewhere, we need to act as if it were everywhere. Beating this pandemic will require an unprecedented level of international funding and cooperation," said foundation Co-chair Bill Gates.
The foundation identified four priority areas for investment including accelerating virus detection, protecting the most vulnerable, minimizing social and economic impact and developing products for a sustained response, and cooperating with national governments and international organizations such as the World Health Organization and the United Nations Children's Fund.
The newly announced funding builds on the 100 million dollars the foundation has committed to date to support the global response. ■
