Billionaire Gates's foundation reportedly to focus solely on fighting COVID-19

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Billionaire Bill Gates’s foundation will focus all of its resources on fighting the coronavirus, according to the Financial Times.

 

The philanthropist and founder of Microsoft Corp. said that the Bill & Melinda Gates Foundation, with an endowment exceeding US$40 billion, will give “total attention” to the pandemic that has killed more than 200,000 and is roiling economies around the world, he said in an interview with the newspaper.

 

“You’re going to have economies with greatly reduced activity levels for years,” Gates said. The pandemic could cost the global economy “tens of trillions of dollars,” he said in the interview.

 

The foundation has contributed US$250 million to help counter the coronavirus and is re-purposing units dedicated to fighting other diseases to join in the battle against the pandemic.

 

“We’ve taken an organization that was focused on HIV and malaria and polio eradication, and almost entirely shifted it to work on this,” he told the FT.

 

Gates also defended the World Health Organization against accusations from U.S. President Donald Trump that the body had mishandled the virus response.

 

“WHO is clearly very, very important and should actually get extra support to perform their role during this epidemic,” Gates said. He said he doesn’t believe Trump will follow through on his threat to withdraw funding for the WHO.

 

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The coronavirus pandemic is getting the ‘total attention’ of the Gates Foundation

Bill Gates said his foundation has shifted away from other health-related work to focus on COVID-19

Microsoft founder Bill Gates expects his foundation to work “almost entirely” on the coronavirus pandemic in the near future, the Financial Times reported. The Bill & Melinda Gates Foundation has a $40 billion endowment, and has worked on HIV and malaria and polio eradication. But Gates said the foundation has shifted most of that focus to work on the coronavirus.

 

“This has the foundation’s total attention,” Gates told the FT. “Even our non-health related work, like higher education and K-12 [schools], is completely switched around to look at how you facilitate online learning.”

 

The Gates Foundation already has pledged a total of $250 million “to support development of diagnostics, therapeutics, and vaccines; help strengthen African and South Asian health systems; and help mitigate the social and economic impacts of the virus.” The foundation is working with the World Health Organization and other health organizations around the world.

 

“This emergency has distracted a lot of critical work in many, many areas,” Gates said in the FT interview. “Fewer people able to show up for routine immunization or supply chains for immunization not working well, that’s hundreds of thousands of deaths right there. If we can’t keep getting malaria treatments out effectively, that’s a huge rebound in malaria.”

 

Earlier this month, Gates criticized President Trump’s plan to suspend funding for the WHO.

 

He said he believes the Trump administration will ultimately decide that WHO “probably should get more money, not less money.”

 

In 2015, Gates warned during a TED Talk that the world was not ready for a global pandemic.

 

Gates stepped down as Microsoft CEO in 2000, and left his full-time role at Microsoft in 2008 to focus on the foundation work. Oddly, during the pandemic Gates has become the top target of coronavirus misinformation.

 

Source: The coronavirus pandemic is getting the ‘total attention’ of the Gates Foundation (The Verge)

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