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A new funding of $14.25bn has been pledged to the Global Fund to Fight AIDS, Tuberculosis and Malaria. This is coming after progress of the fight against these diseases had been stalled because of the Covid pandemic.

United States President Joe Biden, who hosted the donor conference on the sidelines of United Nations General Assembly, said the funding — the highest amount ever pledged for a multilateral health organisation — is crucial to combating the diseases.

“This is an investment that will save another 20 million lives, reduce mortality from these diseases another 64 percent in the next four years,” said Biden.

The public/private alliance fund was set up in 2002. It is seeking $18bn for its next three-year funding cycle from governments, civil society and the private sector.