One group of concerned billionaires, led by former U.S. president Bill Clinton, is working with a leading drugs company to do just that.
The project, announced at the United Nations, is designed to provide contraceptives to 27 million women across Bangladesh, Kenya and Sengal among 42 other developing countries.
The contract will halve the costs of temporary progestogen implant ‘Jadelle’, increasing its availability to poorer families who could not previously afford to use contraception.
Mr Clinton told The Independent on Sunday: “Smart billionaires are very worried about growing inequality in the world. You get them together and prove that it makes good sense that everybody wins.”
It is hoped that the widespread use of contraception will cut the number of mothers dying during childbirth and prevent children in large families suffering from starvation due to food shortages.
If fewer children are born, with more space between siblings, the likelihood that those born do survive into adulthood is far greater.
The UK and Norway are just two of the countries paying into the contract run by the Clinton Global Initiative, and support is continuing to grow from wealthy donors.
If wealthy people continue to pull their resources together to help those in need, we are bound to see an increase in the quality of life experienced by millions of people across the globe. As food stocks dwindle and economies remain unstable, the support of those who do have money is now more important than ever.
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