CaixaBank is a financial group, leader within the Spanish market and the 10th largest bank in the Eurozone in terms of market capitalisation. It has the largest customer base in Spain -14 million -, with over 5,000 branches and nearly 9,500 ATMs, and a cutting-edge mobile and online banking service. The Group's essence is its level of implication and unswerving commitment to society. CaixaBank is committed to banking based on corporate values of quality, confidence and social commitment, through ”la Caixa” Banking Foundation which aims at solving the needs and new challenges of society today.
Child Vaccination is one of the most remarkable health programs supported by the Foundation. In 2008 “la Caixa” Foundation became a donor to of Gavi. “La Caixa” Foundation raises funds and awareness for immunisation through its employees, customer base, Giving Programme and its innovative Business Alliance for Child Vaccination, which draws contributions from over 700 Spanish companies to support Gavi programmes. Donations are received from:
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.
Since 2011 all funds channelled through “la Caixa” Foundation are being matched by The Bill & Melinda Gates Foundation through the Gavi Matching Fund Initiative. In 2015, “la Caixa” launched another successful campaign: 1=4, YOUR DONATION IS WORTH 4 TIMES MORE which mobilises the Spanish public and companies to donate to Gavi.
Contributions and pledges in total: