LONDON, England -- Billionaire Bill Gates has urged industrialized nations to honor aid pledges to developing nations despite the recession.
ONE, the advocacy group backed by Gates and rock musicians Bob Geldof Bono released a report Thursday attacking several Group of Eight nations for meeting financial aid goals, set in 2005, to countries in sub-Saharan Africa.
The report said that Italy, host to the next G8 summit, has "performed especially poorly" in its share of aid spending and that France has fallen behind on its commitment.
In an interview with CNN's Richard Quest, Gates said nations such as France had not been able to fulfill their promises due to pressures on budgets and suggested they needed to "raise the priority so the promises are met."
The report said that Italy, host to the next G8 summit, has "performed especially poorly" in its share of aid spending and that France has fallen behind on its commitment.
In an interview with CNN's Richard Quest, Gates said nations such as France had not been able to fulfill their promises due to pressures on budgets and suggested they needed to "raise the priority so the promises are met."
Story Highlights
*Gates: If people could see direct benefit to nations then aid would not drop off
*Bill & Melinda Gates Foundation sends billions of dollars to developing nations
*Gates: China is a great example of a nation which has progressed in recent times
*Gates: If people could see direct benefit to nations then aid would not drop off
*Bill & Melinda Gates Foundation sends billions of dollars to developing nations
*Gates: China is a great example of a nation which has progressed in recent times
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