Gates Says Foreign Aid Needed for Global Stability
Author: Robert A. Guth</br></br>NEW YORK--Philanthropist Bill Gates Monday called for governments to continue investing in foreign aid, saying that failure to do so would destabilize the world.</br></br>In an he has written the beginning of each of the last three years, Mr. Gates promoted the key initiatives he is pursuing as co-chair of the Bill & Melinda Gates Foundation, the world's largest private philanthropy.</br></br>Woven throughout his letter was Mr. Gates's concern that the global financial crisis is crimping foreign-aid budgets.</br></br>"I believe it is in the world's enlightened self-interest to continue investing in foreign aid," Mr. Gates wrote in his letter. If societies can't provide for their people's education and basic health, "then their populations and problems will grow and the world will be a less stable place," he wrote.