• The Bill & Melinda Gates Foundation

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  • The Bill & Melinda Gates Foundation

  • Proceeds to Gavi from donor contributions & pledges (2016-2020) as of 31 March 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.

  • *Matching Fund (Bill & Melinda Gates Foundation): of the US$ 125m received or to be received, a total of US$ 65.8m is yet to be matched by other / private sector donor contributions, as at 31 March 2016.

  • 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
     

    Notes:
    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 31 March 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

    As a founding partner of Gavi, the Vaccine Alliance, the Gates Foundation has brought international attention to the cause of immunisation and has made several commitments to Gavi, totalling USD 4.1 billion to-date. In 2000, the foundation made an initial USD 750 million commitment to the Vaccine Fund, which was catalytic in bringing other donors to support vaccine delivery and creating Gavi, the Vaccine Alliance.

    In 2005, the foundation made a ten-year pledge of USD 750 million to Gavi, an example of the long-term and predictable contributions that are key to Gavi’s programming. In February 2007, the foundation committed USD 50 million to launch the first AMC to speed the development and availability of pneumococcal vaccines.

    In June 2011, the Gates Foundation committed an additional USD 1 billion to Gavi over the period 2011-2015; of this commitment, USD 50 million was reserved for the Gavi Matching Fund.

    An additional, USD 250 million challenge grant moneys were pledged to match additional funds raised by other donors in the future, released as these commitments were made. USD 33 million was used to match a commitment of the same amount for 2011-2013 from His Highness Sheikh Mohamed Bin Zayed Al Nahyan for 2011-2013.

    In June 2014 the Gates Foundation committed an additional USD 241 million to Gavi towards its complementary role on polio eradication including support for IPV over the period 2015-2018. This will complement GPEI’s work, strengthening routine immunisation and introduce inactivated polio vaccine (IPV) in Gavi-supported countries.

    At the Berlin Pledging Conference 2015, the Bill & Melinda Gates Foundation announced USD 1.55 billion for Gavi’s next 2016-2020 strategic period. The new pledge of USD 1.55 billion was signed in July 2015 by CEOs of BMGF and Gavi.

    Contributions and pledges in total:

    • Direct funding (2000-2015): USD 2.45 billion;
    • AMC (2009-2013): USD 50 million;
    • Matching Fund (2011-2015): USD 50 million;
    • IPV (2015-2018): USD 241 million;
    • New pledge (2016-2020) USD 1.55 billion: USD 1.425 billion in direct funding, USD 75 million in Matching Fund.
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