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Proceeds to Gavi, the Vaccine Alliance from donor contributions & pledges (2011-2015) as of 30 June 2015
Note: Proceeds are the funds made available to GAVI for the period from donor contributions and commitments, either through cash payments made to GAVI, through the frontloading via the capital markets of a donor future commitment to IFFIm, or 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.
All 2000-2014 direct and GAVI Matching Fund contributions are recorded in US dollars at the actual exchange rates for the day of cash received. All 2015 direct and GAVI Matching Fund pledges are expressed in US dollars at 30 June 2015 exchange rates. All 2016-2034 direct and GAVI Matching Fund pledges are expressed in US dollars 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.
*Matching Fund (Bill & Melinda Gates Foundation): of the US$ 125m received or yet to be received, a total of US$ 66.5m is yet to be matched by other / private sector donor contributions.
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Contributions comprise direct contributions already received by GAVI from donors, contributions made to IFFIm and the AMC donor contributions to the World Bank. All 2000-2014 direct, Matching Fund, and AMC contributions are recorded in US dollars at the actual exchange rates for the day of cash received. Direct Contribution and Matching Fund pledges for years 2015 and beyond are expressed in US dollar equivalents using the forecast rates from Bloomberg as at 30 June 2015; for the year 2015: using the forecast for Q4 2015; and for the years 2016 onwards: using an average of the available yearly forecast 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 for these years that have been hedged to mitigate currency risk exposure are expressed in US dollar equivalents using the exchange rates stated in the hedge agreements.
All 2000-2014 IFFIm contributions are recorded in US dollars 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.
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 is 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 are made. USD 33 million was used to match a commitment of USD 33 million for 2011-2013 from His Highness Sheikh Mohamed Bin Zayed Al Nahyan for 2011-2013; the Gates Foundation also matched the year on year increase of commitments from Germany for 2011 and 2012.
In June 2014 the Gates Foundation committed an additional USD 222.6 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:
Bill Gates addressing the conference
Bill & Melinda Gates Foundation pledge announcement
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