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

  • Funding history

    The Netherlands is one of the original six donors to Gavi and has steadily increased its strong and long-term political and financial support to Gavi. The Netherlands has taken an active role in Gavi and hosted the first meeting of Gavi’s first replenishment cycle in The Hague in March 2010. The Netherlands is represented on the Gavi Board in the Board Constituency also comprising Norway, and Sweden, and currently holds the Board Alternate seat for the constituency.

    Contributions to the Vaccine Alliance are channelled both through direct contributions and IFFIm. Since 2001, The Netherlands has contributed USD 365 million to Gavi in direct contribution. The Netherlands joined IFFIm in 2009, demonstrating its interest in innovative financing for development with a EUR 80 million commitment (2009-2016). The Dutch Postcode Lottery has also provided funding to Gavi.

    At the pledging conference in London in 2011, The Netherlands committed EUR 120 million through a long-term grant agreement for the period 2011-2015. In Berlin 2015, the Minister for Foreign Trade and Development Cooperation announced a 25% increase in the Dutch contribution to the Vaccine Alliance totalling EUR 249.5 million for the period 2016-2020, which includes an IFFIm extension and a new contribution of EUR 10 million to the Gavi Matching Fund.

    Contributions and pledges in total:

    • Direct funding (2001-2015): USD 364.6 million;
    • IFFIm: USD 101.7 million (EUR 80 million over eight years 2009-2016);
    • New pledge EUR 249.5 million: EUR 179.5 million in direct funding and EUR 10 million in Matching Fund for the period (2016-2020), EUR 60 million in IFFIm for the period (2017-2020).
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