Davos booster for $18 billion fund to fight AIDS, tuberculosis and malaria – Reuters.com

Davos booster for $18 billion fund to fight AIDS, tuberculosis and malaria – Reuters.com

DAVOS, Switzerland, May 24 (Reuters) - A global health fund has raised a third of the $18 billion it says is needed to reverse setbacks caused by the coronavirus pandemic and combat AIDS, malaria and tuberculosis.

The Global Fund to Fight AIDS, Tuberculosis and Malaria announced its first pledge from the private sector on the sidelines of the World Economic Forum, in Davos, on Tuesday.

The $10 million pledge by Comic Relief U.S. unlocks a matching $20 million commitment by the Bill & Melinda Gates Foundation.