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VIDEO from Bill & Melinda Gates Foundation Available on thenewsmarket.com: Melinda Gates Challenges Global Leaders: Create Savings Accounts and Bring Financial Security to the World's Poorest
Nov 16, 2010 (01:11 PM EST)
NEW YORK, Nov. 16, 2010 /PRNewswire/ -- See content from Bill & Melinda Gates Foundation at:
Melinda French Gates, co-chair of the Bill & Melinda Gates Foundation, today hailed a historic moment that will help bring financial services, particularly savings accounts, to hundreds of millions of people living on less than $2 a day. Speaking at the foundation-hosted Global Savings Forum in Seattle, the first global gathering focused on the role of savings in the developing world, Gates urged leaders in government, banking, mobile communications, and international development to work together to build a new kind of financial infrastructure to bring savings to the poor. She also pledged $500 million from the foundation over the next five years to expand savings.
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Story Id: 20496