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November 04, 2014

04/11/2014: Gates Foundation and where the money is spent

The Guardian has reported on a breakdown of the Gates Foundation's spend in recent year and concludes in John Vidal words that "Most of the $3bn (£1.8bn) that the Bill & Melinda Gates Foundation has given to benefit hungry people in the world’s poorest countries has been spent in the US, Britain and other rich countries, with only around 10% spent in Africa, new research suggests."ii

He goes on to say that an "analysis of grants made by the foundation shows that nearly half the money awarded over the past decade went to global agriculture research networks, as well as organisations including the World Bank and UN agencies, and groups that work in Africa to promote hi-tech farming.

The other US$1.5bn went to hundreds of research and development organisations across the world, according to Grain, a research group based in Barcelona, he adds.

While the Grain report itself is quoted as: “Here, over 80% of the grants were given to organisations in the US and Europe, and only 10% to groups in Africa. By far the main recipient country is the US, followed by the UK, Germany and the Netherlands,”


Read more HERE.
 

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