Britain gives $1.6 billion for AIDS, malaria, TB

Britain has announced that it is giving 1 billion pounds, or $1.6 billion, to The Global Fund to Fight AIDS, Tuberculosis and Malaria over the next three years and hopes the money will lead to "some incredible results."

International Development Secretary Justine Greening made the announcement to loud applause Monday at a luncheon sponsored by the United Nations Foundation focusing on U.N. anti-poverty and development goals.

One goal, to be met by the end of 2015, is to halt and reverse the AIDS pandemic.

"We are now potentially in sight of the first generation that could be AIDS free," Greening said, pointing to new research.

The Global Fund is trying to raise $15 billion for 2014-2016. The U.S. has requested $1.65 billion per year for the Global Fund in its 2014 budget.