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news.The UK Government has joined hands with Microsoft founder Bill Gates to launch £1bn fund to fight malaria.
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A new £1bn fund will be used to support the global fight against malaria and other infectious diseases.
The package includes £90m for the eradication of malaria implementation, £100m in support for research and development of products for infectious diseases and £115m to develop new drugs, diagnostics and insecticides.
It will also support target diseases with epidemic potential, neglected tropical diseases, and diseases with emerging resistance.
There has been a good progress to stop the spread of malaria with deaths related to the disease have decreased by a third since 2010.
UK Chancellor George Osborne said one billion people were infected with malaria and 500,000 children die from the disease every year.
"Eradicating malaria would save 11 million lives so today’s announcement of the £1 billion Ross Fund is an important step to help tackle this global disease.
"Our commitment to spend 0.7% of national income on international aid means Britain can continue to play its part in the fight against malaria and working with the Bill and Melinda Gates Foundation will help us in our joint ambition to see an end this global disease in our lifetimes."