Beginning its grant-investing activities in 2012, the ELMA Vaccines and Immunization Foundation's mission is to expand vaccine and immunization coverage for children globally.
In 2014, ELMA Vaccines and Immunization Foundation pledged USD 2 million to support urgent supply chain needs at country level to overcome barriers to delivering temperature-sensitive vaccines to remote areas. The pledge is matched by the UK Government through Gavi’s Matching Fund, bringing the total sum to USD 4 million.
In 2018, ELMA partnered with Gavi’s INFUSE Pacesetter, Nexleaf Analytics, to scale up of its innovative temperature sensing technology to support the cold chain aiming to increase coverage and vaccine introductions in Tanzania. ELMA pledged USD 1.7 million, which was matched by the Bill and Melinda Gates Foundation through Gavi’s Matching Fund, bringing the total sum to USD 3.4 million
In 2020, at the Global Vaccine Summit, ELMA renewed its commitment to Gavi and Nexleaf Analytics by pledging an additional USD 1.5 million, which has been matched by the Bill and Melinda Gates Foundation through Gavi’s Matching Fund, bringing the total sum to USD 3.0 million. This total sum will build on ELMA and Gavi’s investment in Tanzania and ensure that temperature is monitored during the vaccine transportation, allowing end-to-end temperature monitoring of vaccines.
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 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.