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The Gates Foundation will invest $8.3 billion to combat poverty.

The Gates Foundation will invest $8.3 billion to combat poverty.

The Bill and Melinda Gates Foundation, or BMGF, has stated that it will spend $8.3
billion in 2023 to combat poverty, sickness, and unfairness.

This was stated in a statement signed by the foundation’s Chief Executive Officer, Mr. Mark Suzman, yesterday in Lagos.

Suzman stated that the budget was the foundation’s largest in history and was a
response to various crises that threatened to stop or reverse global progress on the
Sustainable Development Goals, SDGs, since the COVID-19 pandemic.

War, economic turbulence, natural disasters, and significant declines in vaccines for
avoidable infectious diseases were among the crises he cited.

Suzman went on to say that all of these challenges have taken a huge toll on the world’s poorest population, according to the News Agency of Nigeria, NAN.

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Suzman stated that people in low- and middle-income nations, particularly women and girls, were suffering as a result of overlapping global problems.

He, on the other hand, claimed that the world had failed to respond with the requisite political will and resources.

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