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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:
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 2 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:
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