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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.
*Matching Fund (UK): of the GBP 38.1m (equiv. US$ 61m) received, all funding has been matched by other / private sector donor contributions.
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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:
The UK is a longstanding supporter and funder of international development and in March 2015 passed parliamentary legislation committing the government to spend 0.7% of GNI on international development. The November 2015 UK Aid spending review strategy ‘tackling global challenges in the national interest’ set out DFID and other ministries’ priorities as follows: strengthening global peace, security and governance; strengthening resilience and response to crises; promoting global prosperity; tackling extreme poverty and helping the world’s most vulnerable. The UK ensures value for money for taxpayers of all its investments and therefore DFID conducts Multilateral Aid Reviews (MAR), which assesses the 43 multilateral agencies that DFID funds. The 2013 MAR concluded that GAVI was one of the top performers.
The UK is one of Gavi’s six original donors and one of two donor countries that support Gavi through all three funding channels (direct grants, IFFIm and AMC).
For the 2007-2029 period, the UK pledged USD 2.85 billion to IFFIm and in 2000-2010 contributed USD 137 million in direct contributions. In 2010, The UK committed USD 485 million to the pneumococcal AMC as well as making a new pledge for GBP 150 million in direct funding over 10 years.
In 2011, Prime Minister David Cameron hosted Gavi’s replenishment conference in London. The UK pledged an additional GBP 814 million of which GBP 50 million was allocated to support the Gavi Matching Fund for Immunisation to incentivise private sector engagement.
In 2014, the UK committed GBP 30 million to help Gavi support the Polio Eradication and Endgame Strategy and Plan 2013-2018.
Most recently in January 2015, at the Gavi pledging conference in Berlin, the UK committed an additional GBP 1 billion to Gavi – GBP 200 million a year from 2016-2020.
Contributions and pledges in total:
Gavi Pledging Conference - Berlin, 26-27 January 2015
Justine Greening, Secretary of State for International Development, UK, addressing the conference
United Kingdom pledge announcement
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