Davos, Feb 1 (THAINDIAN NEWS) The Gates Foundation headed by Bill and Melinda Gates announced on Friday, that they are going to pledge a sum of $10 billion over the next decade, to vaccinate the children of the developing world. They are doing this to prevent the deaths of over 8 million children, due to lack of vaccination. A decade ago, the Gates Foundation had used the Economic Forum in Davos to launch their sincere commitment to vaccines.
“We are redoubling our commitment. We spent USD 4.5 billion …and today we are announcing a commitment over the next decade, which we think of as the decade of vaccines. We will spend over USD 10 billion on vaccines,” said Bill Gates to reporters in Davos. “This is an amazing announcement. GAVI has saved some 5 million children and immunized 250 million in the world’s 72 poorest countries,” said Julian Lob-Levyt, the CEO of GAVI, a public-private mixed structure organization.
The vaccine group GAVI would receive a portion of the $10 billion. They would not get the full amount, as it is going to be divided between research and groups that deliver the end product. “We really believe vaccines are great miracle of our lifetime,” said Melinda, hoping that the new donation of $10 billion would help in saving the lives of eight million children in the developing world. Both Bill and Melinda hoped that the vaccine for malaria, would be developed in their lifetime.
