Gates Foundation to contribute additional $ 50m

The Foundation announced this at the International Aids Conference in Bangkok yesterday, according to a press release sent to The Daily Star.

The Global Fund welcomes this generous contribution as a reaffirmation of the Gates Foundation's continued close relationship with the Global Fund.

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"The fight against the world's most devastating diseases cannot be waged successfully without adequate resources," said Richard Feachem, executive director of the Global Fund.

After four rounds of grant approvals since the Global Fund was established in 2002 the total two-year commitments for funding now stand at US$ 3 billion in 128 countries.

The Global Fund is a unique global public-private partnership dedicated to attracting and disbursing additional resources to prevent and treat Aids, tuberculosis and malaria.