Gavi’s business model strongly matches Ireland’s development aid priorities. IrishAid emphasises that the provision of development aid is not enough on its own; governments and countries must also take ownership of their development. Gavi’s focus on the world’s poorest and most fragile countries is closely aligned with Ireland’s emphasis on the world’s poorest countries, Africa, and fragile states. Health and the strengthening of health systems are an important Irish development priority making Gavi an obvious choice for investment as are the sustainability of programmes.
Ireland, including the Irish public, has a strong commitment to multilateral aid, e.g. working to ensure that the UN system is more efficient and effective, playing part in ensuring that the EU continues to deliver aid that is effective and assists those most in need.
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 2000-2018 and Q1-Q3 2019 are expressed in US$ equivalents using the exchange rates on the dates of receipt. For 2014-2018 and Q1-Q3 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 Q4 2019 and years 2020 and beyond are expressed in US$ equivalents using the applicable 'forecast rates' from Bloomberg as at 30 September 2019 or using the rates applicable to any hedge agreement in place.
Received contributions: non-US$ contributions for 2000-2018 and Q1-Q3 2019 are expressed in US$ equivalents as confirmed by the IBRD (World Bank)
Future contributions: non-US$ contributions for Q4 2019 and 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 30 September 2019
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 2019, IFFIm donor grant payments are reduced by 1.5%, however such reductions are not reflected in future contributions figures.
Ireland’s aid policy is committed to openness, transparency and accountability, e.g. delivering on international commitments on aid transparency, publishing results, meeting human rights obligations, continuing engagement with the OECD DAC.
During Gavi’s 2015 replenishment conference in Berlin, Ireland pledged EUR 3 million for 2015 and EUR 15 million for the strategic 2016-2020 period, a 50% increase compared to yearly levels over the previous cycle.
Contributions and pledges in total: