Bill and
Melinda Gates Foundation |
Bill and
Melinda Gates have released their annual letter, and this time it is
addressed to their "dear friend" Warren Buffett, who donated most of his
fortune to the Bill and Melinda Gates Foundation in order to fight
disease and reduce inequity.
In the 2017
letter, they reply to a letter Buffett sent them, asking the Gates's to
"reflect on what impact his gift has had on the world".
Here are excerpts taken from the letter - you can also read the full letter here:
What follows is our answer to him.
It’s a story about
the stunning gains the poorest people in the world have made over the
last 25 years. This incredible progress has been made possible not only
by the generosity of Warren and other philanthropists, the charitable
giving of individuals across the world, and the efforts of the poor on
their own behalf—but also by the huge contributions made by donor
nations, which account for the vast majority of global health and
development funding.
Our letter is being
released amid dramatic political transitions in these countries,
including new leadership in the United States and the United Kingdom. We
hope this story will remind everyone why foreign aid should remain a
priority—because by lifting up the poorest, we express the highest
values of our nations.
One of the greatest
of those values is the belief that the best investment any of us can
ever make is in the lives of others. As we explain to Warren in our
letter, the returns are tremendous.
Our Favorite Number
Bill: If we could
show you only one number that proves how life has changed for the
poorest, it would be 122 million—the number of children’s lives saved
since 1990.
Melinda: Every
September, the UN announces the number of children under five who died
the previous year. Every year, this number breaks my heart and gives me
hope. It’s tragic that so many children are dying, but every year more
children live.
The Best Deal Is Vaccines
Melinda: And if you
want to know the best deal within the deal—it’s vaccines. Coverage for
the basic package of childhood vaccines is now the highest it’s ever
been, at 86 percent. And the gap between the richest and the poorest
countries is the lowest it’s ever been. Vaccines are the biggest reason
for the drop in childhood deaths.
Reducing Newborn Mortality
Bill: Last year,
about one million infants died on the day they were born. A total of
more than 2.5 million died in their first month of life. As the total
number of childhood deaths has dropped, the proportion that are newborn
deaths has gone up. Newborn deaths now represent 45 percent of all
childhood deaths, up from 40 percent in 1990.
Ending Malnutrition
Melinda: Here’s
another challenging number that’s linked to the childhood mortality
chart. Malnutrition is partly responsible for forty-five percent of
childhood deaths.
Malnutrition is not
starvation. Malnourished children can be getting enough calories, but
not the right nutrients. That makes them more susceptible to conditions
like pneumonia or diarrhea—and more likely to die from them.But better nutrition is not just about preventing deaths.
The Power of Family Planning
Melinda: This is
another number we follow closely. For the first time in history, more
than 300 million women in developing countries are using modern methods
of contraception. It took decades to reach 200 million women. It has
taken only another 13 years to reach 300 million—and the impact in
saving lives is fantastic.
Poverty Is Sexist
Bill: Poverty is
sexist. The poorer the society, the less power women have. Men decide if
a woman is allowed to go outside, talk to other women, earn income. Men
decide if it’s acceptable to strike a woman. The male dominance in the
poorest societies is mind-blowing.
More Optimistic Than Ever
Bill: Extreme
poverty has been cut in half over the last 25 years. That’s a big
accomplishment that ought to make everyone more optimistic. But almost
no one knows about it. In a recent survey, just 1 percent knew we had
cut extreme poverty in half, and 99 percent underestimated the progress.
That survey wasn’t just testing knowledge; it was testing optimism—and
the world didn’t score so well.
Melinda: Optimism
is a huge asset. We can always use more of it. But optimism isn’t a
belief that things will automatically get better; it’s a conviction that
we can make things better. We see this in you, Warren. Your success
didn’t create your optimism; your optimism led to your success.
The Magic Number
Bill: We want to
end our letter with the most magical number we know. It’s zero. This is
the number we’re striving toward every day at the foundation. Zero
malaria. Zero TB. Zero HIV. Zero malnutrition. Zero preventable deaths.
Zero difference between the health of a poor kid and every other kid.
Melinda: Moving
toward zero is perhaps the biggest difference between our philanthropy
and a business. In the private sector, the goal is to stay in business.
In our case, nothing would make us happier than going out of business
because we’ve achieved our goals.
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