Close Menu
economyuae.comeconomyuae.com
    What's Hot

    Seasonal Email Strategies That Drive Sales Without Feeling “Salesy”

    February 18, 2026

    How Lily Launched a Custom Clothing Brand Alongside a Full-Time Job

    February 16, 2026

    How to Keep Your Customers Coming Back with Timely Emails

    January 27, 2026
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    economyuae.comeconomyuae.com
    Subscribe
    • Home
    • MARKET
    • STARTUPS
    • BUSINESS
    • ECONOMY
    • INTERVIEWS
    • MAGAZINE
    economyuae.comeconomyuae.com
    Home » Bill Gates says he will not fill vaccine funding gap left by aid cuts
    Company 

    Bill Gates says he will not fill vaccine funding gap left by aid cuts

    Arabian Media staffBy Arabian Media staffJune 24, 2025No Comments4 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Unlock the Editor’s Digest for free

    Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

    Billionaire philanthropist Bill Gates has warned that his foundation will not plug gaps left by rich nations’ cuts to global vaccination funding, on the eve of a crucial pledging event. 

    The Gavi international vaccine alliance aims to raise $9bn — including to inoculate half a billion more children over five years — but faces a sharp drop in finance from its two biggest donors, the US and UK. 

    The Gates Foundation will announce ahead of the Gavi fundraising in Brussels on Wednesday that it will match — but not go beyond — the $1.6bn it’s giving during the organisation’s current funding cycle.

    “We decided . . . we’re going to kind of send both messages,” Gates told the Financial Times. “That we’re not a substitute — but this is the best buy in global health. Even people who are cutting should prioritise Gavi as some portion of their budget.”

    Gates’ comments highlight a threatened crisis in international disease prevention efforts as western countries slash aid budgets. Experts warn that alternative sources of funding, such as philanthropists and the private sector, cannot — or will not — fill the void.

    Gates said he had been in talks with US Congress members about the “great tragedy” of abrupt international health funding cuts that had resulted in “a lot of deaths”.

    “For the first time in decades, the number of kids dying around the world will likely go up this year instead of down because of massive cuts to foreign aid,” said Gates, contrasting the situation with the more than 50 per cent fall in mortality of children under 5 since 1990. “That is a tragedy. Fully funding Gavi is the single most powerful step we can take to stop it.”

    Bill Gates
    Bill Gates: ‘For the first time in decades, the number of kids dying around the world will likely go up this year’ © Bernd von Jutrczenka/dpa/Alamy

    Gavi faces a tough battle to win the funding it wants. The US, UK and Gates Foundation between them accounted for just over half the total $42.9bn pledges made to Gavi from its creation in 2000 through to 2023.

    The Trump administration’s proposed budget for next year makes no provision for Gavi. The UK has vowed to remain a “leading investor” in the organisation despite a 40 per cut to its international aid budget as a share of national income.

    If the UK and US contributions were to fall below $1.6bn, then the Gates Foundation would be Gavi’s largest donor. It is already set to become the biggest funder of the World Health Organization after President Donald Trump gave notice in January that the US would pull out of the UN body.

    It would be “a strange world where a single individual is a bigger giver to the WHO and Gavi than every other country in the world”, Gates said, speaking before the UK pledge announcement expected on Wednesday. “That is a very strange thing.”

    Some content could not load. Check your internet connection or browser settings.

    Gavi has helped countries immunise more than 1bn children against dangerous diseases, as well as co-ordinating vaccine supplies for other campaigns and crisis responses such as for Covid-19, Ebola and mpox. Gavi-sourced jabs target threats including measles, meningitis A and the human papillomavirus that causes cervical cancer.

    Gavi has responded to the harsher funding climate by attempting to widen its donor base and offer more flexible financing options. The organisation has attracted first-time givers such as Indonesia and Croatia and widened use of “vaccine bonds” that allow countries to pay gradually rather than up front.

    Indonesia is one of 19 countries that previously received Gavi support but no longer do because they have hit certain national income benchmarks. Gavi’s supporters argue this shows donors get value for money, while better public health has wider benefits such as boosting countries’ economies.  

    Gavi has been pressing for a strong turnout in Brussels despite the “incredibly challenging period globally” said Marie-Ange Saraka-Yao, who has been leading the organisation’s fundraising effort. The event in the Belgian capital is co-hosted by the European Union and the Gates Foundation. 

    Kaja Kallas, the EU’s foreign policy chief, said last month the bloc was looking at “the impacts of USAID withdrawal from the development aid and where we can come in”.

    She emphasised that “we cannot fill the void that the US is leaving behind totally”.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleChina has influence over ports across Latin America, US think-tank reports
    Next Article Four things to know ahead of the U.S. stock-market open on Tuesday
    Arabian Media staff
    • Website

    Related Posts

    Client Challenge

    July 17, 2025

    Client Challenge

    July 17, 2025

    Client Challenge

    July 17, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    10 Trends From Year 2020 That Predict Business Apps Popularity

    January 20, 2021

    Shipping Lines Continue to Increase Fees, Firms Face More Difficulties

    January 15, 2021

    Qatar Airways Helps Bring Tens of Thousands of Seafarers

    January 15, 2021

    Subscribe to Updates

    Your weekly snapshot of business, innovation, and market moves in the Arab world.

    Advertisement

    Economy UAE is your window into the pulse of the Arab world’s economy — where business meets culture, and ambition drives innovation.

    Facebook X (Twitter) Instagram Pinterest YouTube
    Top Insights

    Top UK Stocks to Watch: Capita Shares Rise as it Unveils

    January 15, 2021
    8.5

    Digital Euro Might Suck Away 8% of Banks’ Deposits

    January 12, 2021

    Oil Gains on OPEC Outlook That U.S. Growth Will Slow

    January 11, 2021
    Get Informed

    Subscribe to Updates

    Your weekly snapshot of business, innovation, and market moves in the Arab world.

    @2025 copyright by Arabian Media Group
    • Home
    • Markets
    • Stocks
    • Funds
    • Buy Now

    Type above and press Enter to search. Press Esc to cancel.