The International Federation of Pharmaceutical Wholesalers’ Foundation (IFPW Foundation) role is to help its members and stakeholders advance the safe, efficient and continuous access to pharmaceuticals worldwide through the promotion of global distribution practices and services.

At Gavi’s Reach Every Child Pledging Conference in Berlin, the IFPW Foundation announced a new 3-year partnership aimed at increasing the expertise of supply chain managers by supporting supply chain training centers in East and West Africa, within Gavi’s supply chain strategy. The pledge has been matched by the UK Government through Gavi’s Matching Fund, bringing the sum to USD 3 million. In 2018, the IFPW Foundation partnered once again with Gavi to support the scale up of its Strategic Training for Executive Program (STEP) with an additional grant of USD 1.3 million.

Contributions and pledges in total:

  • Direct Contribution (2018–2019): USD 1 million
  • Matching Fund (2016–2018): USD 0.9 million (doubled by the UK)

          PROCEEDS TO GAVI FROM DONOR CONTRIBUTIONS & PLEDGES (2016-2020) AS OF 31 December 2019

          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 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.

          IFFIm contributions
          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.

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