Gates donates $750 million to fight AIDS, TB and malaria
By Irene Chapple, CNN
January 26, 2012 -- Updated 1148 GMT (1948 HKT)
Microsoft founder Bill Gates speaks Thursday at the World Economic Forum in the Swiss resort of Davos.
STORY HIGHLIGHTS
- "I can't think of more important work," the Microsoft co-founder says
- The donation goes to the Global Fund, Gates announces in Davos
Davos, Switzerland (CNN) -- The Bill & Melinda Gates Foundation will inject $750 million into the Global Fund to Fight AIDS, Tuberculosis and Malaria, Microsoft co-founder Bill Gates announced Thursday at the World Economic Forum.
The donation comes in the form of a promissory note, not as cash, which the Gates Foundation said "gives the Global Fund the flexibility and authority to distribute funds efficiently based on immediate needs."
"By supporting the Global Fund, we can help to change the fortunes of the poorest countries in the world," Gates said in a statement. "I can't think of more important work."
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