Gates Foundation commits $2.1 billion over the next five years to gender equality

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Middle East
  • Date: 01-Jul-2021
  • Source: CNBC
  • Sector: Economy
  • Country: Middle East
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Gates Foundation commits $2.1 billion over the next five years to gender equality

The Gates Foundation announced Wednesday that it will be committing to advancing gender equality globally over the next five years. This announcement comes just weeks after co-chairs Melinda French Gates and Bill Gates announced , and it comes at a time when government officials around the world are gathered in Paris for the , an event that focuses on providing greater opportunities for women and girls worldwide. "The world has been fighting for gender equality for decades, but progress has been slow. Now is the chance to reignite a movement and deliver real change," Melinda said in . "The beauty of our fight for gender equality is that every human being will gain from it. We must seize this moment to build a better, more equal future." With this $2.1 billion commitment, the Gates Foundation plans to focus on three core areas that are key to advancing gender equality: economic empowerment; family planning and health; and accelerating women's leadership. When broken down, the Gates Foundation says that $650 million of this commitment will go toward improving women's financial inclusion and reducing the barriers women face in the workplace and $1.4 billion will go toward increasing access to contraceptives and supporting

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