At the same time the new breed of corporate philanthropists such as the Bill & Melinda Gates Foundation which has drawn contributions from fellow billionaire Warren Buffet are now disbursing several billion dollars a year for health and education projects sums that can exceed US and other bilateral aid...
Illustrating the changing geopolitics and the growing role of business a substantial part of those donations came from China and commercially financed outfits such as the Bill & Melinda Gates Foundation...
Private sector funds such as the Bill & Melinda Gates Foundation are also pledging contributions to IDA...