Business

Bill Gates Pleas With Australia To Boost Foreign Aid

View Comments
(Credit: Stefan Postles/Getty Images)

(Credit: Stefan Postles/Getty Images)

SYDNEY (AP) — Microsoft founder and philanthropist Bill Gates is urging Australia to boost foreign aid following the country’s announcement that it was delaying a pledge to increase overseas aid spending.

Gates made his plea during a speech in the capital Canberra on Tuesday. He said that although Australia has been relatively generous, more money is needed for vital medicine and agricultural developments.

Australia said this month it was postponing by two years a long-standing pledge to increase its foreign aid spending to 0.5 percent of gross national income by 2015-16. Australia’s foreign aid budget will increase to 0.37 percent in the next fiscal year.

Prime Minister Julia Gillard said Tuesday the country will spend another 80 million Australian dollars ($77 million) on polio eradication efforts. Australia had committed AU$50 million through 2014.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,181 other followers