The Global Fund to Fight AIDS, Tuberculosis and Malaria has raised up to $14.25 billion as world leaders strive to tackle deadly diseases once the COVID-19 pandemic ends.

US President Joe Biden, who hosted a conference in New York on the sidelines of the annual meeting of the UN General Assembly, said funding is needed to fight disease.

“This is an investment that will save another 20 million lives and reduce deaths from these diseases by another 64 percent over the next four years,” he added.

The United States has previously said it is pledging $6 billion for the next round of funding.

The fund, a public-private alliance based in Geneva, is seeking $18 billion for its next three-year funding cycle from governments, civil society and the private sector.

The Global Fund said the $14.25 billion figure is likely to rise as donations are expected to increase.

European Commission President Ursula von der Leyen also donated 715 million euros ($703.63 million) to the fund, which she says is 30% more than her previous donation.

French President Emmanuel Macron also pledged another 300 million euros, bringing France’s total contribution during the funding period to 1.6 billion euros. Nigeria donated $13.2 million, the Netherlands provided €180 million and Indonesia donated $15.5 million along with private sector commitments.