Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Gates: Generosity to Global Fund Phenomenal

Details

  • Description

    Microsoft founder Bill Gates on the success of the Global Fund.

  • Duration 9:16
  • Date

Clips

Also in this playlist...

WEF Davos

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Always the big challenges and at that big challenge with the global economy that is very very weak so.

Let's -- Bill Gates the co-founder with his wife Melinda of the Bill & Melinda Gates Foundation thank you for being first on Fox Business live we appreciate it.

If we just saw an entire piece on the global fund -- you know if you had to say the most important thing that the fund has accomplished what would it be.

Well Larry there was an aids emergency.

Where.

People in the rich countries we're getting access to the medicines that we're saving -- lives but most of the epidemic was import countries and so the question modest.

These medicines that only cost a hundred dollars per year.

Would the Africans.

Die because that generosity wasn't available so global fund was created -- about it also took caught malaria and tuberculosis a three.

Of the big killers and the generosity to global -- has been pretty phenomenal.

They've been able to raise.

Bit over three billion dollars a year it goes to buy those drugs.

And get them out for the the very poorest countries.

They'll eat what you mentioned vaccines and I wanna get to that because that's preventative.

That saves a lot of money down the line does -- not.

That's right and for any disease we have a vaccine like -- measles or polio.

The key thing you need to do is simply get it out to every one.

For the three global fund -- we don't yet have.

A vaccine although the foundation in the US government and others are investing very heavily because then -- finally stop people from getting in fact.

Could well see that's thing you know we take for granted in the US and in developed nations that our kids just on the calendar with their pediatrician.

Get vaccines.

Can give me an anecdote because you've traveled the world to some of these poor nations where you saw.

Something that really tugged at your heart strings where he thought we could really make a difference.

Well in import countries we still have about 400000 kids here who died measles.

And there's a great measles vaccine it's simply that the health system there isn't getting it delivered.

And so.

The global alliance for vaccines works.

To get that coverage level -- You know and measles -- where it's -- twelve cent vaccine.

That shouldn't happen and it's just we're just not traditional for a -- -- as having enough value what is the number one way you feel we need to change our approach when it comes to battling diseases.

Well we are making progress and so it's an incredibly positive story.

Back in 1990 over twelve million children under five died every year.

And now that's down under seven million.

And so this is a good news story.

We need to intensify the amount of research we do to invent new vaccines.

We need to increase the resources to buy them for the poor children.

And then we need to improve the delivery system to get up from seventy.

-- 75% we get today to get them all.

Those are the three things little little get that child to death rate on getting down.

Almost zero I know you here at this argument often especially during the financial crisis the subsequent recession.

And now has -- -- ourself out of the recession with very weak growth people say.

We need to take that money and focus it on our own territory our home -- we giving to the Africans we need it into what is the logical response to about that you have enough -- -- Saving lives with this type of aid for less than 2000 dollars pro life saved and when you do doubt.

You reduce the sickness.

The parents choose to have less kids and so the country can become self sufficient.

So if we believe.

These lives -- even worth 1% of what we'd spend on the people living next to us that that generosity is not what we should turn to.

As we're trying to cut the budget for 5%.

You know it's less than 1% of the budget.

And yet in terms of impact per taller.

It's far greater than anything we spend domestically in and I wish everybody could get out C.

The malaria bed net saving lives they are -- drugs.

Keeping somebody alive and the vaccines that have literally change societies.

So that people don't expect their children to -- It's almost as if he just if your neighbor's house is burning it the flames could jump to your home so you don't sit there and ignore and say I'm not gonna spend my on water on them -- got to help that so that it doesn't spread to us mean there's that theory to talk about.

I'd -- look at you with the efforts that you put together to at least try to heal the world.

When we -- in May at the Berkshire Hathaway annual shareholder meeting and we were talking about Mark Zuckerberg going on the FaceBook.

-- showed up.

Promote FaceBook going Republican and I ask you about when you had gone on the Microsoft road show when you said.

I didn't -- to engage too much with all the money people around who were hovering so I just sat and read my biology book.

How is it that you didn't become a doctor scientist it seems like you have always been fascinated with biology and the human condition.

Well I'm broadly into some science so actually writing computer software as the thing that.

Drew me and I got to be early in -- and do a lot of work there.

Biology is fascinating and now the foundation I get to back great biologists to once for inventing these new vaccines and I sit and talk about.

And the approach they're taking in and so it's a big part of my work now is.

Sitting with them.

And making sure they're they're moving as fast they can and that supporting them.

You travel a lot you're here you -- crisscrossing the globe if you've got your children and that at you know I have my children back -- mommy mommy am quite sure how but you know.

Why is it's so important for you to spend as much time as you do working on the so called second life of Bill Gates.

Well I'd I'd say partly I enjoy it but I think it's important work and -- to do the work you've got to.

Goaded Nigeria.

That's one of the three places we still -- -- on C okay what's not coming together.

You know and can -- -- satellite maps to find out where all those cuts are okay -- what is it it take to get that done.

I've got to go -- visit the governments were very generous European governments.

Are the most generous by far away.

More generous than even the US on -- -- issues so working in partnership with them.

Study and on the travels part of the job and in it's easy to stand touch I can -- the kids that.

That I like time homeless well yeah.

Indeed you know somebody last night that I met said he saw you on a wonderful panel yesterday where there was a twelve year old girl who through online education.

In I believe it was Pakistan she now is a physics.

Major at the age of twelve can online education.

Really change our world in a way that we never imagined and and what efforts do you like right now that you keep -- -- What -- the biggest backer of these new approaches where -- You take the best lectures you make an interactive -- get a lot of people taken the course the same time in helping each other.

Because sneaking -- -- college education more affordable.

Is pretty important for a lot of countries.

But the US in particular you know where -- unemployment it's not an.

College graduates it's much more on the high school dropouts are people who don't have led to -- for your diploma.

And yet the cost of education is going up.

The state level money's going down the federal money -- -- state -- -- we've got a dilemma.

If we want more education population.

We've got to innovate in in delivery and that's where these -- -- How we're doing online stuff are providing so much promise.

We've got to make sure it works for all the students not to steal -- students.

But -- did those experiments are going on and that's -- part of the biggest funder -- matter will.

Be watching that as we finish up a couple of bits of of news and and other thoughts Microsoft's earnings came out yesterday.

Sixty million copies of windows -- are you satisfied with the number.

Well what does it is -- foundation for the future the way they've built touch and the way they have the application -- it's up to quite a good start.

You know making sure they have more the best applications -- applications.

It -- there on a really good trajectory on there and a lot of -- books now.

Is it'll last I spoke with you we talked about a tap what you were using these at Samsung galaxy is there an ultra book that you're using right now that you think is great.

Well -- -- Microsoft -- the surface that's quite nice and it kinda gives you the benefits of a tablet 'cause that stand the light.

Just folded up but it also gives you the benefit.

-- PC because about the stand the keyboard and so it's really taking the dilemma of -- tablets hot -- PCs not right.

Gives you the best of both worlds to -- you're surface got at and your wife that said she does not letting the kids use apple products is that through my never asked so -- I don't up.

And I paid the interest in -- they did ask that they had they love their Windows Phone they love their windows PCs and.

Load More