• "la Caixa" Banking Foundation

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  • Proceeds to Gavi from donor contributions & pledges (2016-2020) as of 30 September 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

    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 30 September 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.

  • Funding history

    CaixaBank is a financial group, leader within the Spanish market and the 10th largest bank in the Eurozone in terms of market capitalisation. It has the largest customer base in Spain -14 million -, with over 5,000 branches and nearly 9,500 ATMs, and a cutting-edge mobile and online banking service. The Group's essence is its level of implication and unswerving commitment to society. CaixaBank is committed to banking based on corporate values of quality, confidence and social commitment, through ”la Caixa” Banking Foundation which aims at solving the needs and new challenges of society today. 

    Child Vaccination is one of the most remarkable health programs supported by the Foundation. In 2008 “la Caixa” Foundation became a donor to  of Gavi. “La Caixa” Foundation raises funds and awareness for immunisation through its employee, General Public, giving programme and its innovative Business Alliance for Child Vaccination, which draws contributions from over 700 Spanish companies to support Gavi programmes. Donations are received from:

    • Companies: Spanish companies collaborate with Gavi as part of their social responsibility.
    • Employees CaixaBank group 
    • Micro-donations from the General public

    Since 2011 all funds channelled through “la Caixa” Foundation are being matched by The Bill & Melinda Gates Foundation through the Gavi Matching Fund Initiative. In 2015, “la Caixa” launched another successful campaign: 1=4, YOUR DONATION IS WORTH 4 TIMES MORE which mobilises the Spanish public and companies to donate to Gavi.

    Video: Business Alliance for child Vaccination  

    Contributions and pledges in total:

    • Direct funding (2008-2010): USD 15.7 million;
    • Matching Fund (2011-2016): USD 12.8 million;
    • Matched by the Bill & Melinda Gates Foundation: USD 12.8 million.
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