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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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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 contributionsReceived 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:
Luxembourg has been a donor to Gavi since 2005 and contributes to the Vaccine Alliance through direct contributions. Health objectives lie at the heart of Luxembourg’s development policies. Luxembourg gives priority to the social sectors in line with the national strategy's focus on combating poverty and achieving the Millennium Development Goals. Luxembourg’s Ministry of Foreign Affairs’ sectoral health strategy on development cooperation identifies maternal and child health and sustainability through HSS (infrastructure, facilities, training etc.) as a priority.
The financing from Luxembourg is multi-year and un-earmarked, which allows for predictable sustainable funding in line with the Gavi model. Luxembourg made a first contribution of USD 0.6 million in 2005 to Gavi. Luxembourg increased its annual support to EUR 900 thousand in 2008 and 2009 (USD 1.4 million in 2008 and USD 1.2 million in 2009), with a contribution of EUR 820 thousand (USD 1.1 million) received in 2010. On 27 October 2010, Luxembourg signed a multi-year agreement to contribute EUR 820 thousand per year between 2011 and 2015 to Gavi for a total of EUR 4.1 million. At Gavi’s replenishment conference in Berlin in 2015, Luxembourg pledged an additional EUR 4.1 million through a long-term direct commitment for the period 2016-2020.
Contributions and pledges in total:
Gavi Pledging Conference - Berlin, 26-27 January 2015
Luxembourg pledge announcement
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