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  • Proceeds to Gavi from donor contributions & pledges (2016-2020) as of 30 September 2016



    Note: Proceeds are funds made available to Gavi from donor contributions and commitments, either through cash payments made to Gavi, through frontloading via the capital markets of a future donor commitment to IFFIm, or through AMC funds released to Gavi via the World Bank. Future IFFIm proceeds from new pledges made at the Berlin pledging conference are indicative and are based on certain assumptions including future interest rates and foreign exchange rates generated from financial market data, and donor payment schedules. These assumptions may differ from conditions prevailing at the time of grant and legal agreement signing, which may result in different projected and realised IFFIm proceeds.

  • Contributions and pledges over time (US$ millions)


    Click on Direct, IFFIm, AMC or Matching Fund in the above key to toggle their data on the graph, click again to show the data

    Non-US dollar contributions for 2000-2015 are expressed in US dollar equivalents using the exchange rates on the dates of receipt. For 2014 and 2015, where contributions were hedged to mitigate currency risk exposure, have been expressed using the rates applicable to the hedge agreement.

    Non-US dollar Direct Contribution and Matching Fund pledges for years 2016 and beyond are expressed in US dollar equivalents using the forecast rates from Bloomberg as at 30 September 2016 as follows: pledges for which an agreement has been signed (for the year 2016: using the forecast rate for Q4-2016; and for the years 2017 onwards: using an average of the available yearly forecast rates), for agreements yet to be signed (using an average of available yearly forecast rates for 2016 onwards; for 2016 this consists of an average of the forecasted quarterly rates). Pledges for these years for which contributions have already been received are expressed in US dollar equivalents using the exchange rates on the dates of receipt. Non-US dollar pledges that have been hedged to mitigate currency risk exposure are expressed in US dollar equivalents using the exchange rates stated in the hedge agreements.

    Signed non-US dollar IFFIm pledges are expressed in US dollar equivalents using the exchange rates at the time of signing the respective donor grant agreements. Unsigned non-US dollar IFFIm pledges are expressed in US dollar equivalents using an average of the available yearly forecast rates from Bloomberg. These contributions have not been reduced by a notional 3% provision to allow for any potential reduction arising from the High Level Financing Condition of the IFFIm Finance Framework Agreement.

    Additional note regarding FX rates (pertaining to outstanding pledges denominated in non-USD currencies): In light of the unprecedented volatility in FX rates in recent months, Gavi has decided to update its methodology for estimating the USD equivalent value of non-USD denominated contributions: Gavi will update its FX rate assumptions for future years using the average of the annual FX forecasted rates as published by Bloomberg at the end of each calendar quarter (or as otherwise in line with its bi-annual long-term forecasting process). This methodology is consistent with that shared and agreed with donors in Berlin in January 2015 at Gavi’s pledging meeting.

  • Funding history

    Australia is Gavi’s largest donor and strongest supporter in Asia. The contribution of individual Australians to immunology, virology, vaccine development and global public health combined with the Australia’s successful domestic immunisation record demonstrate the government’s strong commitment in immunisation as well as its leadership role in the region and beyond.

    Australia has been a donor to Gavi since 2006 and contributes to the Alliance through both direct contributions and IFFIm. Australia’s engagement in Gavi business has since then grown exponentially in recent years.

    Between 2006 and 2010, Australia’s total direct contribution to Gavi was AUD 34 million. For the 2011-2015 period, Australia had contributed a total of AUD 250 million in direct contributions.

    Australia’s IFFIm contribution of AUD 250 million over 20 years was signed in March 2011.

    At the Berlin Pledging Conference 2015, Australia announced for the first time a five-year commitment of AUD 250 million which covers the complete cycle of the next period of 2016-2020. Given Australia’s strong commitment in innovation and private sector engagement, Australia will continue to support IFFIm and directed 15% of the new pledge to IFFIm.

    Contributions and pledges in total:

    • Direct funding (2006-2015): USD 270.8 million ;
    • IFFIm: USD 249.1 million (AUD 250 million) over 20 years (2011-2030), 1st tranche
    • New pledge (2016-2020) AUD 250 million: AUD 212.5 million in direct funding, AUD 37.5 million in IFFIm.
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