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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.

  • Non-US dollar direct, Matching Fund and AMC pledges for 2015 -2034 are expressed in US dollar equivalents using the exchange rates at 30 June 2015, except for those pledges for which contributions have already been received (these are expressed in US dollar equivalents using the exchange rates on the dates of receipt) and non-US dollar pledges that have been hedged to mitigate currency risk exposure (these are expressed in US dollar equivalents using the exchange rates stated in the hedge agreements).

    *Matching Fund (UK): of the GBP 38.1m (equiv. US$ 61m) received, all funding has been matched by other / private sector donor contributions, as at 31 March 2016.

  • 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 UK has a long standing commitment to international development and recently passed legislation committing the UK to spend 0.7% of GNI on international development. DFID’s priorities include: health, improving the lives of women and girls, and driving the achievement of the MDGs. DFID is also focused on fragile states and all DFID fragile focus countries are GAVI eligible countries. DFID is focused on ensuring value for money of its investments and in 2011 and 2013 conducted a Multilateral Aid Review (MAR), which assessed the 43 multilateral agencies that it funds. It 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.

    In the period of 2000-2010, the UK contributed USD 137 million in direct contributions and pledged USD 2.85 billion to IFFIm and USD 485 million to the AMC. In 2010, the UK made a new pledge for GBP 150 million in direct funding over 10 years.

    In 2011, Prime Minister Cameron hosted Gavi’s pledging 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.

    At the Gavi pledging conference in Berlin, the UK pledged an additional GBP 1 billion to Gavi.

    As a result, for the period 2000-2030, the UK has pledged over USD 6.53 billion in support of Gavi including USD 3.19 billion in direct (includes Matching Fund), USD 2.85 billion to IFFIm, and USD 485 million to AMC.

    Additionally in 2014, the UK committed GBP 30 million to support the vaccine Alliance’s effort to introduce inactivated polio vaccine (IPV) and support the Polio Eradication and Endgame Strategy and Plan 2013-2018.

    Contributions and pledges in total:

    • Direct funding (2000-2015): USD 1.62 billion of which USD 61 million (GBP 50 million) is allocated to the Matching Fund (2011-2015);
    • IFFIm (2007-2029): USD 2.85 billion (GBP 1.38 billion over 20 years and GBP 250 million over 20 years);
    • AMC (2010-2018): USD 485 million;
    • IPV (2013-2018): USD 46 million;
    • New pledge (2016-2020): GBP 1 billion.
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