President Barack Obama approved $1.05 billion for the GlobalFund to Fight HIV/AIDS, Tuberculosis and Malaria. This commitment representsthe largest single-year contribution to the fund from a single country. 

“Thanks to President Obama's leadership,and the bipartisan support of the U.S. Congress, the United States has made ahistoric contribution in support of the Global Fund to Fight AIDS, TB and Malaria,”John Tedstrom, president and CEO of the Global Business Coalition on HIV/AIDS,TB and Malaria (GBC), said in a statement about Obama's December 18announcement. The GBC—comprised of corporate leaders from around theworld—represents the private sector of the Global Fund.  

“The $1.05 billion commitment willhelp save lives and strengthen families and communities in hard-hit regions,”Tedstrom continued. “The private sector commends America's leaders for theirremarkable dedication, and looks forward to increasing corporate support andengagement with the Global Fund in 2010 and beyond.”