A New US$100million Fund to Fight Neglected Tropical Diseases

Abu Dhabi’s crown prince and the Bill & Melinda Gates Foundation launched a $100m fund on Wednesday November 15, to help wipe out two diseases that blind and disfigure millions of the world’s poorest people.

Sheikh Mohamed bin Zayed Al Nahyan pledged $20m to the fund, and the Gates Foundation up to $20m, to accelerate efforts to eliminate (onchocerciasis) river blindness and lymphatic filariasis from countries in the Middle East and Africa.

The remainder will be raised from a blend of donors, said Maha Barakat, member of the Roll Back Malaria Partnership and director general of the Health Authority Abu Dhabi.

The 10-year facility will be managed by the End Fund, a private philanthropic platform targeting neglected tropical diseases, and bolstered by in-kind contributions from drug companies GlaxoSmithKline and MSD, or Merck.

Source: Philanthropy Age


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