Davos (CNN) -- Germany will give 1 billion euros to the Global Fund to Fight AIDS, Tuberculosis and Malaria, the country's minister for economic cooperation and development Dirk Niebel said Thursday.
Niebel made the announcement with philanthropist Bill Gates and the Global Fund executive director Mark Dybul at the World Economic Forum in Davos.
Gates' Bill and Melinda Gates Foundation has supported the Global Fund since its creation a decade ago, announcing a $750 million donation at Davos last year.
On Thursday Gates said he was a "big believer in the Global Fund." He said it had done a "good job and it continues to get smarter about how it does its work." The funding represented a "great milestone" in the fight against disease, he said.
In a statement, Niebel said: "We need to continue to devote hard work and determined efforts to halting the spread of HIV, malaria and other infectious diseases."
He added: "We are close to turning the tide. I think we are witnessing the beginning of the end of AIDS. This is an achievement, not least, of the Global Fund to Fight AIDS, Tuberculosis and Malaria, which recently undertook reforms."