ILO, Gates Foundation to Develop Range of Insurance Products in Developing Countries

GENEVA, Switzerland — The International Labour Organization (ILO) today announced a partnership with the Bill and Melinda Gates Foundation that aims to develop new kinds of insurance and improve existing products to promote decent work for tens of millions of low-income people in the developing world.

The $34 million Gates Foundation grant will help create the Microinsurance Innovation Facility, a one-of-a-kind, five-year initiative that will provide grants and technical assistance to dozens of organizations serving the poor.

To read the full press release, visit the ILO Web site.