• Republic of Korea

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  • Proceeds to Gavi, the Vaccine Alliance from donor contributions & pledges (2011-2015) as of 31 March 2015

  • Republic of Korea flag

  • Proceeds to Gavi from donor contributions & pledges (2011-2015) as of 31 March 2015

     

     

    Note: Proceeds are the funds made available to Gavi for the period from donor contributions and commitments, either through cash payments made to Gavi, through the frontloading via the capital markets of a donor future commitment to IFFIm, or AMC funds released to Gavi via the World Bank. Proceeds are subject to change from factors including new pledges announcements, Gavi's cash flow needs from IFFIm and the impact of foreign currency changes. Figures do not include IFFIm agreements that have yet to be formally signed.

    All 2000-2014 direct and GAVI Matching Fund contributions are recorded in US dollars at the actual exchange rates for the day of cash received. All 2015 direct and GAVI Matching Fund pledges are expressed in US dollars at 31 March 2015 exchange rates. All 2016-2034 direct and GAVI Matching Fund pledges are expressed in US dollars 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.

  • 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:
    Contributions comprise direct contributions already received by GAVI from donors, contributions made to IFFIm and the AMC donor contributions to the World Bank. All 2000-2014 direct, Matching Fund, and AMC contributions are recorded in US dollars at the actual exchange rates for the day of cash received. All 2015 direct, Matching Fund, and AMC pledges are expressed in US dollars at 31 March 2015 exchange rates. All 2016-2034 direct, Matching Fund, and AMC pledges are expressed in US dollars at 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.

    All 2000-2014 IFFIm contributions are recorded in US dollars 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.

  • 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) have been transferred to Gavi. This new contribution has been matched by the Bill & Melinda Foundation through their Challenge Grants.

    Contributions and pledges in total:

    • Direct funding (2010-2017): USD 6 million.
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