Obama administration raises funds pledge to fight TB, AIDS, malaria

The Obama administration has raised its pledge to the Global Fund to Fight AIDS, Tuberculosis and Malaria by 38 percent and called for changes to the organization that would make it more accountable and efficient.

The $4 billion pledge will be provided over the next three years, Business Week reports, with the U.S. monitoring how the fund's programs work with local populations. When the funding expires in 2013, Eric Goosby, the U.S. Global AIDS Coordinator told Business Week, the U.S. will re-evaluate its commitment.

In February, President Obama's global health budget reduced the U.S. pledge to the fund, favoring the expansion of programs for child and maternal health. The turnaround in funding, Business Week reports, signals to other contributing nations that the U.S., which is the largest donor to the fund, is committed to distributing global health aid.

“The unmet need is extraordinary,” Goosby said, Business Week reports. “There really is no stronger supporter to the global fund than the U.S. That’s a fact.”

Started in 2002, the Global Fund aims to fight diseases that affect the poorest nations in the world. It is responsible for providing a quarter of international financing for AIDS, two-thirds of funding for tuberculosis and three-quarters of funding for malaria, Business Week reports.