The Launch of The Indonesia Health Fund
Bill Gates, co-founder and chairman of the Microsoft Corporation as well as the world's richest person is in Jakarta for the launch of the Indonesia Health Fund. This fund, which is established through a cooperation between the Bill & Melinda Gates Foundation and the Tahir Foundation, aims to combat diseases such as HIV-AIDS, tuberculosis, polio and malaria (both in Indonesia and outside Indonesia). Gates signs a memorandum of understanding (MoU) with Dato Sri Tahir (chairman and CEO of the Mayapada Group, an Indonesia-based conglomerate) as well as eight other Indonesian businessmen who each donate USD $5 million to the Indonesia Health Fund. Through the Bill & Melinda Gates Foundation, Gates donates USD $40 million to the new fund.