Since April 2018, Gavi has teamed up with the Audacious Project to support Living Goods and Last Mile Health to scale up immunisation in Kenya, Uganda, and Liberia through digitally empowered Community Health Worker (CHWs) programmes. The Audacious Project is a ground-breaking coalition of funders that includes the Skoll Foundation, Virgin Unite, The ELMA Foundation, The Children’s Investment Fund Foundation, and others. The Audacious Project is housed at TED.
The partnership aims to boost the number of community health workers and integrate immunisation information and data-capture into their daily routines. The partnership has also helped transform how community health workers learn through the Community Health Academy, launched by Last Mile Health with the 2017 TED Prize.
Gavi committed USD 9 million to the partnership through the BMGF Matching fund - USD 5.5 million to Living Goods and USD 3.5 million to Last Mile Health. This contribution was matched by funders from The Audacious Project, to total USD 18 million.
Contributions and pledges in total:1
1 USD 9 million will be contributed directly to Living Goods and Last Mile Health to match Gavi’s support.
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.
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Direct Contributions (including Matching Fund)
Received contributions: non-US$ contributions for 2000-2019 and Q1-Q3 2020 are expressed in US$ equivalents using the exchange rates on the dates of receipt. For 2014-2019 and Q1-Q3 2020 where contributions were hedged to mitigate currency risk exposure, these have been expressed using the rates applicable to the hedge agreement.
Future contributions (for pledges made prior to the 4 June 2020 replenishment conference): non-US$ Direct Contribution and Matching Fund pledges for Q4-2020.
Future contributions (for pledges at the 4 June 2020 replenishment conference): non-US$ Direct Contribution and Matching Fund pledges for Q4-2020 and years
Future contributions: non-US$ contributions for Q4-2020 and for years 2021 and beyond 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: contributions are expressed in US$ equivalents using the applicable spot rates from Bloomberg as at 30 September 2020
Due to IFFIm’s nature as a frontloading vehicle, yearly contributions paid into IFFIm can differ significantly from yearly proceeds transferred to Gavi.
While IFFIm grants are irrevocable and legally binding, they are subject to a Grant Payment Condition that can potentially reduce the amount due in the event that a programme country is in protracted arrears with the International Monetary Fund. As of 30 September 2020, IFFIm donor grant payments are reduced by 0.5%, however such reductions are not reflected in future contributions figures.