The Gavi-China partnership dates back to 2002 when Gavi supported China on the introduction of the Hepatitis B vaccine. This catalytic factor led to the government including the vaccine into its Expanded Programme for Immunisation.
Since the start of the project, the percentage of newborn children immunised with the first dose at birth has climbed from 64% to over 90% in most areas. As a result, less than 1% of children under 5 are now chronic carriers of hepB.
China became a donor to Gavi at the Berlin Pledging Conference 2015 with an initial contribution of USD 5 million for the 2016–2020 period.
China best demonstrates the value of the Gavi model. The country shifted from a Gavi recipient to a sustainable self-financing country and has gone on to joining Gavi as a donor.
Contributions and pledges in total:
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 are expressed in US$ equivalents using the exchange rates on the dates of receipt. For 2014-2019, 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 2020 and beyond are expressed in US$ equivalents using the applicable 'forecast rates' from Bloomberg as at 31 December 2019 or using the rates applicable to any hedge agreement in place.
Received contributions: non-US$ contributions for 2000-2019 are expressed in US$ equivalents as confirmed by the IBRD (World Bank)
Future contributions: non-US$ contributions for years 2020 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 'forecast rates' from Bloomberg as at 31 December 2019
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 31 December 2019, IFFIm donor grant payments are reduced by 1.5%, however such reductions are not reflected in future contributions figures.