According to a statement issued by the foundation on Wednesday, the fund will be immediately released to the United Nations agencies and international organisations that are involved in the Ebola fight to enable them and national governments purchase needed supplies and scale up emergency operations.
An additional $2m will also be committed immediately to the Centres for Disease Control and Prevention to support incident management, treatment, and health care system strengthening.
In addition, the foundation said it would work with public and private sector partners to accelerate the development of therapies, vaccines, and diagnostics that could be effective in treating patients and preventing further transmission of the disease.
The Chief Executive Officer of the Gates Foundation, Sue Desmond-Hellmann said, "We are working urgently with our partners to identify the most effective ways to help them save lives now and stop transmission of this deadly disease.
"We also want to accelerate the development of treatments, vaccines and diagnostics that can
help end this epidemic and prevent future outbreaks."
Last month, Nigeria responded to the current crisis by opening an Emergency Operations Centre in Lagos, with support from the foundation and the Dangote Foundation.
The centre has used expertise and lessons from the national polio program, to be at the centre of an aggressive push by the federal and state governments to contain the spread of the virus, and there is cautious optimism that this prompt
action may have helped avert a broader outbreak.
As additional grants are made, the foundation will provide further details on its funding commitments to on-the-ground operations and to research and development for Ebola drugs, vaccines, and diagnostics.
The foundation which is noted as one of the world's biggest donors during emergencies has so far contributed more than $10m to fight the Ebola virus epidemic, including $5m to the World Health Organisation for emergency operations, research and development assessments.
It has also contributed $5m to the United States of America's fund for the United Nations Children's Fund to support efforts in Liberia,
Sierra Leone and Guinea to purchase essential medical supplies, coordinate response activities, and provide at-risk communities with life-saving health information.
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