Canada is a recognised anchor donor of the Vaccine Alliance – leading global efforts to advance gender equality and women’s empowerment and reduce the burden of infectious diseases through vaccination. Gavi’s immunisation strategy was further supported by Canada’s 2018 G7 Presidency priorities: immunisation impacts girls and boys, families and economies. This approach is foundational to equitable growth and jobs, mitigating the health impacts of climate change, and building resilient systems and vaccine stockpiles to both prevent and respond to global health security threats.
Since 2002 Canada has invested more than Canadian $1 billion to Gavi core programming and is a founding donor of the Pneumococcal Advance Market Commitment (AMC). Between 2002 and 2010 Canada contributed US$ 277 million to Gavi including US$ 152 million in direct contributions and US$ 125 million through the AMC. Canada’s total commitment to the AMC is US$ 200 million.
In 2011, as part of Gavi’s first replenishment, Canada pledged Canadian $65 million in direct contributions to Gavi for 2011–2015. In 2013, Canada confirmed a direct grant of Canadian $20 million for Gavi’s measles supplementary immunisation activities. In 2014, Canada contributed two additional Canadian $20 million grants to support the Vaccine Alliance’s Immunisation Supply Chain Strategy and francophone countries’ immunisation activities respectively. These contributions were made in line with the Muskoka Initiative.
In the lead-up to Gavi’s second replenishment, Canada pledged Canadian $500 million to Gavi to support immunisation in developing countries for the period 2016–2020, more than doubling the nation’s previous total contributions. Building upon this commitment, a further Canadian $20 million was pledged in January 2015 and has been allocated to Gavi’s innovation accelerator, INFUSE, for Francophone Africa. This commitment makes Canada the leading donor to INFUSE – underscoring the administration’s leadership in innovation.
In May 2020, in the lead-up to the Global Vaccine Summit, Canada pledged Canadian $600 million to support Gavi’s efforts to deliver life-saving vaccines to children in the world’s lowest-income countries. This support arrived as the COVID-19 pandemic disrupted immunisation services in the lowest-income countries across the world.
Canada’s commitment and global response to the pandemic was further accentuated through their Canadian $440 million pledge to the Gavi COVAX AMC to develop and deploy equitable distribution of effective and safe vaccines to lower- and middle-income countries. In addition, Canada committed Canadian $75 million for the delivery of COVID-19 vaccines; Canadian $5 million supported the design and operationalisation of the COVAX dose sharing mechanism. In February 2022, Canada pledged an additional Canadian $35 million in support of COVAX’s dose sharing mechanism (Canadian $5 million) and Gavi’s COVID-19 Vaccine Delivery Support (Canadian $30 million).
Furthermore, on 8 April 2022, at the Break COVID Now Summit, Canada reaffirmed its support for equitable access to COVID-19 vaccines by pledging an additional Canadian $220 million to Gavi.
Proceeds are funds made available to Gavi from donor contributions and commitments, either through: cash payments made to Gavi, through frontloading via the capital markets of a future donor commitment to IFFIm; or Advance Market Commitment (AMC) funds released to Gavi via the World Bank. IFFIm proceeds are allocated over five-year periods coinciding with Gavi’s strategic periods. Proceeds for the current and future strategic periods are indicative until the end of each period and could be revised following changes in market conditions (interest rates or foreign exchange rates), the signing of new pledge(s) and/or changes in IFFIm’s disbursement profile.
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Notes:
Direct Contributions (including Matching Fund)
Received contributions: non-US$ contributions for 2000–2023 and Q1-Q2 2024 are expressed in US$ equivalents using the exchange rates on the dates of receipt. For 2014–2023 and Q1-Q2 2024, 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 June 2020 donor pledging conference): non-US$ direct contribution and Gavi Matching Fund pledges for Q3-Q4 2024 and for years 2025 and beyond are expressed in US$ equivalents using the applicable “forecast rates” from Bloomberg as of 30 June 2024 or using the rates applicable to any hedge agreement in place.
Future contributions (for pledges at the June 2020 donor pledging conference): non-US$ direct contribution and Gavi Matching Fund pledges for Q3-Q4 2024 and for years 2025 and beyond are expressed in US$ equivalents using the “spot rates” from Refinitiv as at 30 June 2024 or using the rates applicable to any hedge agreement in place.
IFFIm contributions
Received contributions: non-US$ contributions for 2000–2023 and for Q1-Q2 2024 are expressed in US$ equivalents as confirmed by the World Bank Group’s International Bank for Reconstruction and Development (IBRD).
Future contributions: non-US$ contributions for Q3-Q4 2024 and for years 2025 and beyond are expressed in US$ equivalents as follows:
General notes regarding IFFIm contributions:
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 donor’s amount due, in the event that a Gavi-supported programme country is in protracted arrears with the International Monetary Fund (IMF). Since 29 June 2021, no reduction applies, as all countries from the reference portfolio have cleared their arrears with the IMF.