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Proceeds to Gavi from donor contributions & pledges (2011-2015) as of 30 September 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 September 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.
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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 September 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.
Gavi, the Vaccine Alliance, and Canada's Department of Foreign Affairs, Trade and Development (DFATD) share a concern for maternal, newborn and child health (MNCH): Child health has long been one of Canada’s top development priorities, and many of the countries it supports are Gavi-eligible countries. Canada has invested consistently in immunisation, including through contributions to the Canadian International Immunisation Initiative (C-III) between 1998 and 2013 and as a top-five donor to the Global Polio Eradication Initiative (GPEI) since 1988.
Canada is committed to delivering on MNCH through both, the G8’s 2010 “Muskoka Initiative” and the 2014 “Saving Every Woman Every Child: Within Arm’s Reach” initiative, covering the time period 2015-2020.
A Gavi donor since 2002, Canada is a founding member of the Pneumococcal Advance Market Commitment (AMC). Between 2002 and 2010 Canada contributed USD 277 million to Gavi including USD 152 million (CAD 188 million) in direct contributions and USD 125 million through the AMC. Canada’s total commitment to the AMC is USD 200 million. In addition to its AMC contributions for 2011-2015, Canada pledged an additional USD 65 million (CAD 65 million) in direct contributions to Gavi for 2011-2015, and confirmed a direct grant of CAD 20 million (USD 19.6 million) in 2013 for Gavi’s Measles Supplementary Immunisation Activities (MSIA) programme. In March 2014, Canada contributed two additional CAD 20 million grants, respectively to support the Vaccine Alliance’s Immunisation Supply Chain Strategy and francophone countries’ immunisation activities - contributions that are counted under the Muskoka Initiative.
Canada pledged CAD 500 million to Gavi in November 2014 to support immunization in development countries over 2016-2020, more than doubling the nation’s total contribution to Gavi. This was announced by the Canadian Prime Minister at the Francophonie Summit in Dakar, Senegal. This pledge was signed in September 2015 by DFATD’s Assistant Deputy Minister and Gavi’s CEO.
At Gavi’s pledging conference on 27 January 2015 in Berlin, Germany, the Minister for Development and la Francophonie announced an increase in Canada’s pledge by an additional CAD 20 million as part of a new initiative in partnership with Gavi to scale-up immunization in francophone African countries.
Contributions and pledges in total:
Canada pledge announcement
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