Greenpeace urges COP31 action on $120 bln adaptation finance target
Greenpeace said developed countries must clarify how they will triple climate adaptation finance to at ...
The Gates Foundation board approved the largest budget in its history with a budget of $8.74 billion in 2025 as it continues working toward a world where everyone, everywhere, deserves the chance to live a healthy, productive life.
Marking the 25th anniversary, the foundation’s budget is in line with the foundation’s commitment to reach overall annual distributions of $9 billion next year.
“Amid the greatest headwinds to health and development progress we’ve seen in a generation, this funding reflects our commitment to doing our part to reach people who will benefit most from innovations and programs that improve health and expand access to opportunity,” said CEO Mark Suzman.
The foundation’s spending will drive initiatives aimed at addressing the world’s greatest inequities.
The foundation seeks funding the delivery of life-saving tools to drive down maternal and child deaths and reduce the burden of infectious diseases
It also works on researching and developing the next generation of global health innovations in addition to building economic power and agency among women and girls.
It also seeks providing increased opportunity and economic mobility for students in the United States alongside increasing climate resilience among smallholder farms.
Moreover, it will continue to advocate for greater donor country investments for a fairer and more equitable future for all.
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