Bill Gates points at education, health as key sectors to improve equality

Bill Gates points at education, health as key sectors to improve equality 

Bill Gates, co-chair of the Bill & Melinda Gates Foundation, participates in a panel discussion held during the 2018 Spring Meetings of the International Monetary Fund and the World Bank Group in Washington, DC, United States, April 21, 2018. EPA-EFE/Pete Marovich

Washington, Apr 21 (efe-epa).- Bill Gates, philanthropist and cofounder of Microsoft, said here Saturday that education and health are two key sectors to help improve equality in the world.

Speaking at a conference held during the 2018 Spring Meetings of the International Monetary Fund and the World Bank Group in Washington, Gates said that in order for countries to be self-sufficient, it was essential to invest in health and education.

To achieve the best results in these two key sectors, Gates added, it is important to invest the limited available resources in the best and most intelligent way possible.

Gates, who shared the stage with the president of the WB, Jim Yong Kim, and with the United Kingdom’s Secretary of State for International Development, Penny Mordaunt, said that efforts to improve health care in developing countries had shown much progress and that lessons could be learned from other countries.

On Wednesday, the billionaire said that the Bill and Melinda Gates Foundation would invest $1 billion in the next five years to fund research and development efforts to fight malaria.

The philanthropist also spoke of the need to improve school enrollment rates in developing countries, so that children in these regions could have the same opportunities to get ahead as in developed countries.

In this regard, Jim Yong Kim said that, although investing in transportation infrastructure used to be one of the main priorities, WB figures confirmed that investing in health and education was crucial.

Some of the WB’s main objectives, Kim added, are ending extreme poverty by 2030 and promoting shared prosperity through income growth for the bottom 40 percent of the population in every developing country.

The 2018 Spring Meetings of the IMF and the WB, taking place in Washington from April 16-22, bring together world economic leaders from the 189-member states to analyze global economic challenges.