• Republic of Korea

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  • Proceeds to Gavi from donor contributions & pledges (2016-2020) as of 30 June 2017

     

     

    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. IFFIm proceeds are allocated over five year periods coinciding with Gavi’s strategic periods. Proceeds for the current and future strategic periods are indicative until the end of each period and could be revised following changes in market conditions (interest rates or foreign exchange rates), the signing of new pledge(s) and/or changes in IFFIm’s disbursement profile.

  • 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 and Q1-Q2 2017are expressed in US$ equivalents using the exchange rates on the dates of receipt.  For 2014, 2015, 2016 and Q1-Q2 2017, 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 Q3-Q4 2017 and years 2018 and beyond are expressed in US$ equivalents using the applicable 'forecast rates' from Bloomberg as at 30 June 2017 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 30 June 2017
    • 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

    As a recipient-turned-donor, Korea is committed to supporting the global efforts to alleviate poverty, promote sustainable growth, and achieve the internationally agreed development goals. Korea has already fulfilled its pledge to triple its ODA by 2015, and is committed to doing further. In July 2010, the Republic of Korea became one of the first donors to Gavi in Asia with an initial direct contribution of USD 1 million over three years (2010-2012). A new multiyear pledge for 2013-2017 was announced at Gavi’s Mid-Term Review meeting (USD 5 million over 5 years) and the 2013 and 2014 instalments (USD 2 million in total) had been transferred to Gavi. This new contribution was matched by the Bill & Melinda Foundation through their Challenge Grant. In October 2015, Korea announced a further increase for the remaining period of the current pledge by USD 3 million annually (total annual contribution: USD 4 million for 2015-2017). It is 12 times growth since Korea’s first contribution to Gavi back in 2010.

    Contributions and pledges in total:

    • Direct funding (2010-2017): USD 15 million.
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