According to the organisation, this is the largest annual budget ever announced since the Foundation’s formation.
In its annual letter published on Monday, the Foundation’s Chief Executive Officer, Mark Suzman, “also shared examples of how the foundation uses its resources, voice, and convening power to call attention to and help find solutions for problems that otherwise might be neglected.”
The statement added that by the budget’s approval by its board of trustees, the foundation is on track to meet its commitment to reach an annual payout of US$9 billion by 2026—”and represents a 15 per cent increase over the 2022 forecasted payout.”“This is the toughest period for global health and development in recent memory, but in some ways, it’s also the reason we exist,” Mr Suzman said.
He was said to have addressed questions about the scale of the foundation’s influence and its access to global leaders, detailing how the foundation catalyses and advocates solutions, and bring diverse voices to decision-making tables, and filling market gaps through investments in climate adaptation, malaria and education.
“From improving vaccination rates to advancing women’s economic power, the foundation uses its funds, expertise, relationships, and voice where it can make the biggest impact measured in lives saved and opportunities created for all to reach their full potential.
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