Top

Bill Gates Says His Foundation Can’t Balance Trump’s Cuts to the U.S. Foreign Aid Budget

September 13, 2017

Via: Fortune
Category:

Bill Gates won’t be footing the aid bill that Trump leaves behind.

In an interview with the Guardian ahead of the UN General Assembly, Gates said that the Bill & Melinda Gates Foundation and others like it will not be able to cover the funding gaps left by President Trump, who has proposed cuts to U.S. aid budgets. He explained that “there’s no way to balance a cut in a rich country’s generosity.”

Back in April, Trump announced his 2018 budget proposal, which included a 31% cut to the international affairs budget. Cuts would affect funding of international institutions like the UN and World Bank, but more significantly would drastically decrease overseas development assistance.

Read More on Fortune