New Philanthropist can take on G8 if they wish
Jeffrey Sachs, who is chums with Bono and former adviser to the United Nations secretary-general, Kofi Annan – when complaining about the failure of governments to keep their aid promises – said that the new wave of philanthropic giving by wealthy individuals and corporations had the potential to do much more than the G8 to lift Africa out of poverty!
Mr Sachs has told the Financial Times that the likes of Microsoft’s Bill Gates and international investor Warren Buffett, who have pledged billions of dollars to global health and education, could outshine flagging governmental initiatives. Less wealthy people can also contribute and help speed the elimination of diseases and tackle specific challenges.
New Philanthropist can no doubt speed development –they not only combined have vast sums but individuals also have the potential to act faster and more efficiently, they can challenge, complement or help shape ongoing government initiatives.
See full Financial Times article for more: http://www.ft.com/cms/s/0/f498bf48-e5f2-11db-9fcf-000b5df10621.html
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