Elsewhere online
November 02, 2011

Opinion: Gates Previews Antipoverty Prescription for Summit

On the eve of delivering a report to the Group of 20 summit on creative ways for governments to invest in development despite straitened budgets, Bill Gates offered an outline of his prescription in a Washington Post opinion column.

The co-chair of the Bill & Melinda Gates Foundation said the global economic crunch threatens long-term progress in reducing poverty, disease, and child mortality.

Mr. Gates offered three key points he said should be part of U.S. congressional debates on foreign-aid spending, involving innovation to fill gaps in development, the global economic benefits of improved living standards worldwide, and the fact that America "is not doing development alone" but is part of a global network that increasingly involves investment by developing countries.

He said his G-20 presentation will also outline "half a dozen recommendations" for opening the tap on tens of billions of dollars from private sources to speed global development.