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

  • 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:
    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 contributions
    Received 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:

    • Where the contribution agreement has been signed: contributions are expressed in US$ equivalents using the exchange rates at the time of signing the respective donor grant agreements
    • Where the contribution agreement has not yet been signed: non-US$ pledges for years 2017 and beyond are expressed in US$ equivalents using the applicable 'forecast rates' from Bloomberg as at 31 December 2016
    • 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.

     

  • Funding history

    France, a G7 member state, has been a donor to Gavi since 2004 and has contributed to the Vaccine Alliance through direct contributions and IFFIm. Underpinning a strong commitment to innovative financing to meet health MDGs, France is the second largest contributor to IFFIm (26% of IFFIm commitments for 2011-2015). In 2006, France made a first commitment to IFFIm, of EUR 373 million over the period 2007-2021. An additional IFFIm pledge was made in 2007, of EUR 867 million over 2008-2026, bringing France’s total IFFIm commitment to EUR 1.23 billion.

    France also made direct contributions to Gavi. From 2004 to 2010, it provided EUR 15 million (USD 18.7 million) of direct funding. In June 2011, France made an additional direct commitment of EUR 100 million over the period 2011-2015. In January 2015 at Gavi’s second replenishment conference in Berlin, the Minister of State for Development and Francophonie announced an additional IFFIm contribution of EUR 150 million and the launch of a EUR 100 million pilot initiative in support of the Sahel region. The latter is underpinned by an innovative financial mechanism involving the French development agency (Agence Française de Development [AFD]) and the Bill and Melinda Gates Foundation. This new innovative financial agreement was signed on June 25 by the French Minister of Foreign Affairs Laurent Fabius and Bill Gates, co-chair of the Bill and Melinda Gates Foundation, Gavi’s CEO Seth Berkley and Jean-Marc Gravellini, Director of Operations at the French Agency for Development.

    Contributions and pledges in total:

    • Direct funding (2004-2015): USD 146 million;
    • IFFIm (2007-2026): EUR 1.23 billion (USD 1.65 billion), 1st and 2nd tranches;
    • New pledge EUR 250 million: EUR 100 million (USD 109.5 million) in direct funding for the period (2016-2020), EUR 150 million (USD 181.5 million) in IFFIm for the period (2022-2026).
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