The Bill and Melinda Gates Foundation was launched in 2000 and has $46.8 billion in assets (December 2018). It is the largest charitable foundation in the world and distributes more aid for global health than any government. One of the foundation’s stated goals is to globally enhance healthcare and reduce extreme poverty.
The Gates Foundation is a major funder of the CGIAR system (formerly the Consultative Group for International Agricultural Research) – a global partnership whose stated aim is to strive for a food-secured future. Its research is aimed at reducing rural poverty, increasing food security, improving human health and nutrition and ensuring sustainable management of natural resources.
In 2016, the Gates Foundation was accused of dangerously and unaccountably distorting the direction of international development. The charges were laid out in a report by Global Justice Now: ‘Gated Development – Is the Gates Foundation always a force for good? According to the report, the foundation’s strategy is based on deepening the role of multinational companies in the Global South.