Iceland’s ODA is focused on Malawi, Uganda and Mozambique, and is provided through bilateral support and through a select number of multilateral agencies. Iceland’s support to Gavi will be directed at Malawi. For 30 years Iceland has provided support to Malawi, including in the area of public health. The agreement with Gavi is in line with the special focus Iceland has placed on reducing maternal and child mortality. The agreement covers the period July 2018 to June 2021 and amounts to a total of US$ 1 million.

At the Global Vaccine Summit on 4 June 2020, Prime Minister Katrin Jakobsdottir announced ISK 250 million to Gavi.

Contributions and pledges in total:

  • Direct funding (2018-2021): USD 1 million in direct funding
  • COVAX AMC (2021): ISK 250 million (USD 1.8 million) 

PROCEEDS TO GAVI FROM DONOR CONTRIBUTIONS & PLEDGES (2016-2020) AS OF 30 September 2020

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.

Contributions and pledges over time (US$ Millions)

Click on Direct, IFFIm, AMC or Matching Fund in the above key to toggle their data on the graph, click again to show the data

Notes:
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

IFFIm contributions

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.


All donors

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