Girl Effect is a not for profit creative social enterprise whose mission is to create a New Normal with and for girls. Originally launched by NIKE Foundation, Girl Effect became independent in September 2015, continuing to focus on breaking the inter-generational poverty cycle by empowering adolescent girls. Girl Effect builds locally rooted media brands that reframe the value of girls in society – the portfolio of regional brands and global platforms includes magazines, radio dramas, talk shows, and two-way digital content.
Girl Effect is an investor and implementer in Gavi’s mission to drive increased uptake of the HPV vaccine. Girl Effect has committed USD 5 million of its resources1 – matched by the Gavi matching fund – to support Gavi and its Alliance partners to drive uptake of HPV, the cervical cancer vaccine provided to young girls. Additionally, Girl Effect will underpin the HPV programme’s integration agenda, by promoting health seeking behaviour by girls. In the long run, a positive understanding of the importance of immunisation, and of health seeking behaviours, will positively impact the children of these future mothers.
Contributions and pledges in total2:
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.