Gates: Funding development in times of austerity

11/2/2011 | Washington Post, The

American philanthropist Bill Gates on Thursday will advise leaders of the Group of 20 governments on how to continue to invest in development despite the economic crises sweeping the world. Among his recommendations will be ways to mobilize tens of billions of dollars annually from private sources, as well as to tap into the $50 billion in savings among the African diaspora to help fund development in their home countries.

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