Search
Search
Bill Gates, Co-Chair of the Bill & Melinda GatesFoundation, at a high level event during the 40th Annual Meeting ofthe IDB Group held in Maputo, Mozambique.Dr.
28.01.2012, Jeddah, KSA – During a visit to the IDB Group Headquarters, Bill Gates, founder of The Bill & Melinda Gates Foundation, and Dr.
Bill & Melinda Gates Foundation: The Bill & Melinda Gates Foundation (the “Gates Foundation”) is a private philanthropic organization, founded in 2000 on the principle that all lives have equal value.
Ahmad Mohamed Ali, Chairman of the IDB Group hailed the existing cooperation between the Bill and Melinda Gates Foundation and the IDB Group in their efforts to eradicate polio in three member countries of the Bank, viz., Pakistan, Afghanistan and Nigeria.Dr.
Bill Gates, says he is proud of the work the Islamic Development Bank (IDB) is doing to save lives in Muslim countries.
Gates Sr., under the direction of Bill and Melinda Gates and Warren Buffett.
Jeddah, KSA, 28.04.2013 – “The IDB Group is committed to upgrading healthcare services for the development of the people of its member countries in particular and mankind in general”, stated Dr Ahmad Mohamed Ali, IDB Group Chairman, at the Global Vaccine Summit held in Abu Dhabi last week in the presence of UN Secretary General, Ban Ki Moon and Co-chair of Bill & Melinda Gates Foundation, Bill Gates, as well as high ranking officials from the health sector in Asia, Africa and Europe and heads ofregional and international health institutes.The two-day event, under the patronage of HRH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, focused on renewing the global commitment to eliminate polio virus by the year 2018, and issued a global statement on the significance of vaccination and immunization.
The LLF donor partners working with the IsDB on this innovative initiative are:Abu Dhabi Fund for Development (ADFD) Bill and Melinda Gates Foundation (BMGF)Department For International Development (DFID)Islamic Solidarity Fund for Development (ISFD)King Salman Humanitarian Aid and Relief Centre (KSRelief) Qatar Fund for Development (QFFD)The IsDB is the LLF’s trustee and manages the LLF Projects as per the Charter in accordance with the IsDB’s project cycle, after their approval by the LLF’s Impact Committee (the fund’s Board with representation from all partners).The IsDB and Donors have established a management unit whose mandate is to coordinate fund activities.
Under the proposed arrangement, Pakistan will repay the principal amount to the bank while the Bill & Melinda Gates Foundation will provide support for the administrative costs associated with the financing package.
Two teams from the IDB and the Bill and Melinda Gates Foundation are currently working to formulate the operational, financial and legal details of the mechanism for its first financial closure which isUS $100 million in the form of grants prior to the end of the year 2015.