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Obama pledges up to $5 billion for AIDS research, prevention

By REUTERS

DECEMBER 3, 2013 02:56

WASHINGTON - US President Barack Obama on Monday announced a boost to funding for research into HIV/AIDS prevention and pledged up to $5 billion to support an international effort aimed at combating HIV/AIDS.

Speaking at the White House to mark World AIDS Day, the president said the United States would contribute $1 for every $2 pledged by other donors over the next three years to support The Global Fund, an international financing institution that fights AIDS, tuberculosis and malaria.

Obama also said he would redirect $100 million into a National Institutes of Health program to research a cure for HIV, the human immunodeficiency virus that causes AIDS.

"The United States should be at the forefront of new discoveries into how to put HIV into long-term remission without requiring lifelong therapies - or, better yet, eliminate it completely," Obama said at an event attended by Secretary of State John Kerry and software magnate Bill Gates, whose foundation has pledged up to $500 million for The Global Fund.

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