Qatar has joined hands with American billionaire and co-founder of Microsoft Bill Gates to combat poverty.

Qatar Development Fund pledged $50 million to the Lives and Livelihood Fund, a $2.5 billion fund established by Bill and Melinda Gates Foundation and the Islamic Development Bank.

Qatar made the pledge in an effort to provide financing for some of the world's poorest Muslim countries through grants and shariah-compliant loans at below market rates.

#Qatar Development Fund announcing $50 mn contribution to Lives & Livelihoods Fund #LLF @BillGates @hassandamluji pic.twitter.com/ObiGJDVzUy

— Wajih Halawa (@WajihHalawa) April 13, 2016

This isn’t the first time Qatar and the richest man on the planet join forces. “This country has been very generous with foreign aid for a long time,” Gates said, according to Doha News.

More than eight years ago, Gates met Chairperson of Qatar Foundation Sheikha Moza bint Nasser to talk about development aid. In 2015, the Qatar Development Fund and Bill Gates joined forces to fight disease and extreme poverty in the Arab and Muslim world.