Under the banner of “efficiently delivering vaccines to millions of children, tracking identity and immunisation records in a digitised manner and incentivising the delivery of vaccines,” Gavi the Vaccine Alliance - leading partner and catalyst, and Mastercard acting in the capacity of technology partner - have embarked on a Public Private Partnership aiming to deploy the Mastercard Wellness Pass for interested Gavi eligible countries on 11 December 2018. Though major progress has been made in availing immunisation in a sustainable manner, one in five children still misses out on routine-life saving immunisation. This partnership aims to leverage state of the art technology by bringing the Smart into traditional immunisation programs for optimal impact in terms of reach, adherence, efficiency and centralised record keeping of childhood immunisation.
Mastercard is a technology company in the global payments industry committed to leading the way toward a World Beyond Cash™. But most often, Mastercard is also a business-to-business firm, providing franchise, technology, and advisory services to commercial, non-profit, and public sector customers that then go on to serve their clients. This approach to the last-mile experience allows for the creation of nuanced, localised solutions targeted at the end user. Mastercard has made a bold commitment to financial inclusion—to reach 500 million people previously excluded from financial services by 2020 including 40 million merchants. In making this promise, Mastercard highlighted the importance of public private partnerships. While ambitious, this goal is not out of scope of the company’s activities. Mastercard has launched large-scale projects in more than 50 countries, bringing more than 300 million previously excluded consumers and merchants into the formal economy in just the last few years.
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.
Mastercard brings its expertise in digital infrastructure, data analytics, innovation practices, and sustainable business models, specialising in extending the reach of existing infrastructure through innovative solutions, linking disparate partners and systems. To succeed, though, solutions must be tailored to the context; they should utilise existing elements of the payments infrastructure and build new services that involve players like development organisations, humanitarian organisations and governments.
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Contributions and pledges in total: