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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$ 59.3 m is yet to be matched by other / private sector donor contributions, as at 31 December 2016.
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Notes:Direct Contributions (including Matching Fund)Received contributions: non-US$ contributions for 2000-2016 are expressed in US$ equivalents using the exchange rates on the dates of receipt. For 2014, 2015 and 2016, where contributions were hedged to mitigate currency risk exposure, these have been expressed using the rates applicable to the hedge agreement.
Future contributions: non-US$ Direct Contribution and Matching Fund pledges for years 2017 and beyond are expressed in US$ equivalents using the applicable 'forecast rates' from Bloomberg as at 31 December 2016 or using the rates applicable to any hedge agreement in place.
IFFIm contributionsReceived contributions: non-US$ contributions for 2000-2016 are expressed in US$ equivalents as confirmed by the IBRD (World Bank)
Future contributions: non-US$ contributions are expressed in US$ equivalents as follows:
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 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 of challenge grant moneys were pledged to match additional funds raised by other donors in the future, moneys released as these commitments were made.
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.
Contributions and pledges in total:
Gavi Pledging Conference - Berlin, 26-27 January 2015
Bill Gates addressing the conference
Bill & Melinda Gates Foundation pledge announcement
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