The Netherlands is one of the original six donors to Gavi and has steadily increased its strong and long-term political and financial support. The Netherlands has taken an active role in Gavi and hosted the first meeting of Gavi’s first replenishment cycle in The Hague in March 2010.
Contributions to the Vaccine Alliance are channelled through direct contributions, IFFIm and the Matching Fund. The Netherlands joined IFFIm in 2009, demonstrating its interest in innovative financing for development with a €80 million commitment (2009–2016). The Dutch Postcode Lottery has also provided funding to Gavi.
At the pledging conference in London in 2011, The Netherlands committed €120 million through a long-term grant agreement for the period 2011–2015. In Berlin 2015, the Minister for Foreign Trade and Development Cooperation announced an increase in the Dutch contribution to the Vaccine Alliance totalling €249.5 million for the period 2016–2020, which includes increased direct contributions, an IFFIm extension and a new contribution of €10 million to the Gavi Matching Fund.
Prime Minister Mark Rutte announced on 4 June 2020 at the Global Vaccine Summit a total Dutch contribution of €325 million to Gavi. The announcement comprises €250 million through IFFIm over 20 years, €50 million in direct support and €25 million to an extended Matching Fund.
The Netherlands has committed €103 million to Gavi COVAX AMC.
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 Advance Market Commitment (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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Notes:
Direct Contributions (including Matching Fund)
Received contributions: non-US$ contributions for 2000–2023 and Q1-Q2 2024 are expressed in US$ equivalents using the exchange rates on the dates of receipt. For 2014–2023 and Q1-Q2 2024, 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 June 2020 donor pledging conference): non-US$ direct contribution and Gavi Matching Fund pledges for Q3-Q4 2024 and for years 2025 and beyond are expressed in US$ equivalents using the applicable “forecast rates” from Bloomberg as of 30 June 2024 or using the rates applicable to any hedge agreement in place.
Future contributions (for pledges at the June 2020 donor pledging conference): non-US$ direct contribution and Gavi Matching Fund pledges for Q3-Q4 2024 and for years 2025 and beyond are expressed in US$ equivalents using the “spot rates” from Refinitiv as at 30 June 2024 or using the rates applicable to any hedge agreement in place.
IFFIm contributions
Received contributions: non-US$ contributions for 2000–2023 and for Q1-Q2 2024 are expressed in US$ equivalents as confirmed by the World Bank Group’s International Bank for Reconstruction and Development (IBRD).
Future contributions: non-US$ contributions for Q3-Q4 2024 and for years 2025 and beyond are expressed in US$ equivalents as follows:
General notes regarding IFFIm contributions:
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 donor’s amount due, in the event that a Gavi-supported programme country is in protracted arrears with the International Monetary Fund (IMF). Since 29 June 2021, no reduction applies, as all countries from the reference portfolio have cleared their arrears with the IMF.