Concerned about the “significant suffering” caused by global setbacks including the COVID-19 pandemic, Bill Gates announced that he will donate $20 billion to his foundation so it can increase its annual spending.
have been hit particularly hard. The U.N. World Food Program reports that the number of acutely hungry people is now 345 million, up 25% since the start of the war in Ukraine.
“Philanthropy has a unique role to play in helping people around the world recover from the pandemic and rebuild the underlying systems that left so many so vulnerable to begin with,” French Gates said in a statement. “We have the tools. We have the science. We have the knowledge,” Suzman said. “What we need is the political will and the resources.”
However, philanthropy has its limitations, he added. Suzman said the response from the world's wealthiest countries has not only fallen short of what is currently needed, but it has even fallen short of what the world provided a decade ago during a similar crisis. “This is our most critical area of opportunity for human solidarity,” he said. “That actually has knock-on effects to provide better political stability and broader economic growth, which is what I think everybody wants to see.
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