The Global Fund recently received a new investment from the Bill & Melinda Gates Foundation and the United Kingdom for its fight against malaria.
The new investment, which surpasses $4 billion, will be spent throughout the next five years. It is specifically for research and similar work that is being performed to eradicate malaria from the world health scene.
"With tremendous efforts like these, we can build on collective progress and end this disease for good," Dr. Mark Dybul, executive director of the Global Fund, said. "Every child who stays alive, every stillbirth prevented, and every pregnant woman who is protected as a result of this investment represents new hope and expanded opportunity for families and communities."
Health officials plan to use the investment to speed the progress that is being made in preventing and treating malaria. Since 2000, when one million people, mostly young children, died from the disease, worldwide efforts have reduced malaria deaths by 60 percent.
"In the poorest places, malaria is both a cause and a consequence of poverty. It costs Africa billions of pounds a year in lost productivity and can account for 40 percent of public health expenditure," A statement from Bill Gates and George Osborne, the U.K.'s chancellor of the Exchequer, said. "We both believe that a malaria-free world has to be one of the highest global health priorities."