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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 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.
LDS Charities, sponsored by The Church of Jesus Christ of Latter-day Saints, has provided relief and development projects in 179 countries, largely through volunteers. Last year, it contributed more than one million days of volunteer labour to support emergency response, clean water, wheelchair distribution, neonatal resuscitation training, vision care and food production. The LDS Church designated immunisation as a major humanitarian initiative.
Toward this goal, LDS Charities has contributed USD 7 million through the Gavi Matching Fund to purchase vaccines and support immunisation programmes in Gavi-supported countries. This commitment already has brought significant resources, visibility and tens of thousands of volunteers to support vaccine roll-outs.
During Gavi’s Reach Every Child Replenishment Pledging Conference in Berlin, LDS pledged an additional USD 1 million for 2015 through the Matching Fund. All contributions will be matched by the Bill & Melinda Gates Foundation.
Contributions and pledges in total:
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