The co-chair of the Bill & Melinda Gates Foundation and Chairman of Breakthrough Energy Ventures, Bill Gates, and the European Investment Bank President Werner Hoyer, met on 9 October in Brussels.

They highlighted the benefits of close cooperation between philanthropy and public finance to invest in sustainable development and climate action, and welcomed progress on new joint initiatives to improve health and support energy innovation.

They presented the latest initiatives, such as the African Health Diagnostics Platform, aiming to transform healthcare, the partnership to tackle investment barriers holding back research to treat malaria, as well as the €100m Breakthrough Energy Ventures-Europe fund backing clean energy technology.

“These partnerships will help increase investment in human capital, reduce global inequality and lay the groundwork for sustainable prosperity”, said Gates.