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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.
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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.
Comic Relief is a UK-based charity that strives to create a just world, free from poverty. Its mission is to drive positive change through the power of entertainment. Since being launched on Christmas Day in 1985, live on BBC television, Comic Relief has raised millions of pounds through two big fundraising campaigns in the UK: Red Nose Day and Sport Relief. That money is used to tackle the root causes of poverty and social injustice. The idea is simple: Comic Relief makes the public laugh as a way to raise money to help people in desperate need.
Alternating between Red Nose Day Campaigns and Sport Relief Campaigns annually since 2012, Comic Relief has been successful in raising significant funding and awareness for Gavi’s immunisation programmes.
During Gavi’s Reach Every Child Pledging Conference in Berlin, Comic Relief pledged an additional GBP 3 million through the Gavi Matching Fund.
All of Comic Relief’s UK contributions are matched by the Bill and Melinda Gates Foundation, bringing the total sum to date to GBP 27 million (USD 42.6 million).
In 2015, Comic Relief launched the Red Nose Day Fund, a US-based charity program that raises awareness and money to help alleviate child poverty in the US and around the world. In 2015, Red Nose Day-USA provided USD 1.05 million to Gavi through a direct contribution.
Contributions and pledges in total:
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© Gavi 2016
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