

| Global Development OverviewMore than 2.5 billion people live on less than $2 a day, and more than 800 million suffer chronic hunger. While these numbers are staggering, we believe solutions are within reach. In 2006, we formed the Global Development Program to increase opportunities for people in the developing world to lift themselves out of hunger and poverty. Our work is focused on three key areas—agricultural development, financial services for the poor, and special initiatives that allow us to learn and have impact. These areas are all supported by policy and advocacy efforts around development issues. Many of the world’s poorest people are small farmers who rely on agriculture for their food and income. We work with a range of partners who share our focus on small farmers, most of whom are women. Our grants seek to address every part of a small farmer’s economy—from better seeds and soil to helping farmers improve their techniques and find reliable markets for their surpluses. We also support data collection, research, and policy analysis. We believe a renewed commitment to agricultural development—from donor and developing countries, the private sector, and philanthropies—could help hundreds of millions of people move out of hunger and poverty. We also believe that increasing poor people’s access to financial services can improve their financial security and make a significant difference in their lives. Having access to savings, loans, insurance, and other services is often the difference between planning for the future and reacting to the latest crisis. Our goal is to help expand the availability and affordability of financial products and services that meet the diverse needs of people in developing countries. We realize that there are many ways to reduce poverty and increase opportunities, so our Special Initiatives grantmaking allows us to learn and have impact on a number of important development issues. This includes the work of Global Libraries, which helps provide free public access to computers and the Internet through libraries; Water, Sanitation, and Hygiene; and Urban Poverty, among other areas. Our program is still young, but the results of our initial grants have reaffirmed our belief that hunger and poverty are problems with solutions. As we continue to learn from our partners and the people we serve, we are convinced that our interventions will become increasingly effective. |


