Tags: UN | UN | Millennium | Villages

Soros Giving $27.4 Million to Village Project

Monday, 03 Oct 2011 07:33 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

UNITED NATIONS  — Financier George Soros is giving $27.4 million to aid development in targeted villages across rural Africa.

Soros is also pledging up to $20 million in loans to support business projects within those villages over the next five years.

The billionaire founder and chairman of the Open Society Foundations thanked his board of directors Monday for backing his pledge to the Millennium Villages project despite early misgivings.

Soros says that board members opposed his giving any donations to the project when it was first launched five years ago, considering it risky. But he gave money anyway, "because it was my money."

Directed by Jeffrey Sachs of Columbia University, the villages project operates closely with U.N. agencies.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Sen. Elizabeth Warren's New Book Skewers White House Boys Club

Friday, 18 Apr 2014 11:26 AM

Massachusetts Sen. Elizabeth Warren's new book skewers the boys club who basically ran the nation's fiscal policy in the . . .

Obamacare Falls Short in Enrollees Age 18-35 With a Low 28%

Friday, 18 Apr 2014 10:32 AM

The Obama administration has announced that the number of people age 18-35 enrolled in Obamacare is 28 percent — a figur . . .

North: 'Unconscionable' for NYT to Link Veterans to Klan

Friday, 18 Apr 2014 09:32 AM

It was "unconscionable" for The New York Times to publish an op-ed piece linking U.S. veterans to the Ku Klux Klan, basi . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved