Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt to Japan

#1

Post by awb » Mon, Jan 15, 2018, 10:49 PM UTC

Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt to Japan
globalcitizen.org

Re: Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt to Japan

#2

Post by quotemstr » Mon, Jan 15, 2018, 11:15 PM UTC

Moral hazard?

Re: Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt to Japan

#3

Post by rabidonrails » Mon, Jan 15, 2018, 11:15 PM UTC

This is awesome and it's inspiring to see the Gates' making huge moves in philanthropy. It makes me wonder what the philanthropy would look like if other business leaders like Warren Buffet were also to run major charitable institutions.

Re: Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt to Japan

#4

Post by rabidonrails » Mon, Jan 15, 2018, 11:17 PM UTC

quotemstr wrote: post #2

Moral hazard?

I think this is more related to Gates trying to eradicate polio and showing that he's even willing to incentivize countries that can handle the distribution to do so themselves.

Re: Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt to Japan

#5

Post by asdjasldkjkljd » Mon, Jan 15, 2018, 11:17 PM UTC

The Gates' are fucking destroying what's left of polio, even its debt.

Re: Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt to Japan

#6

Post by unabridged » Mon, Jan 15, 2018, 11:18 PM UTC

The problem is a charity paying off your debt does not make your credit better. While its slightly better than a writeoff/forgiveness because the creditor isn't as angry, it still shows they can't pay back loans. Is a future creditor going to count on a charity showing up to pay them off?

Re: Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt to Japan

#7

Post by quotemstr » Mon, Jan 15, 2018, 11:18 PM UTC

rabidonrails wrote: post #4

quotemstr wrote: post #2

Moral hazard?

I think this is more related to Gates trying to eradicate polio and showing that he's even willing to incentivize countries that can handle the distribution to do so themselves.

Nevertheless, third parties paying off debt encourages the acquisition of more debt.

Re: Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt to Japan

#8

Post by pselbert » Mon, Jan 15, 2018, 11:19 PM UTC

On the face of it $76m seems like a staggering amount of money. Then we learn that the foundation dedicates $3b a year, and this seems like a drop in the bucket.

Amazing what massively focused resources can accomplish.

Re: Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt to Japan

#9

Post by [deleted] » Mon, Jan 15, 2018, 11:19 PM UTC

quotemstr wrote: post #7

rabidonrails wrote: post #4

Earlier quoted context omitted.

I think this is more related to Gates trying to eradicate polio and showing that he's even willing to incentivize countries that can handle the distribution to do so themselves.

Nevertheless, third parties paying off debt encourages the acquisition of more debt.

[deleted]

Re: Bill and Melinda Gates Are Paying Off Nigeria's $76M Debt to Japan

#10

Post by mhb » Mon, Jan 15, 2018, 11:19 PM UTC

rabidonrails wrote: post #3

This is awesome and it's inspiring to see the Gates' making huge moves in philanthropy. It makes me wonder what the philanthropy would look like if other business leaders like Warren Buffet were also to run major charitable institutions.

Regarding Buffett, specifically, it would look an awful lot like the Bill & Melinda Gates Foundation: https://www.gatesfoundation.org/Who-We-Are/General-Informati...