Total contributions and pledges

Principality of Monaco

In November 2016, at the Summit of the International Organisation of La Francophonie (OIF), the Principality of Monaco officially became a new Gavi donor. The agreement was signed at the summit, by the Minister of Foreign Affairs and Cooperation of the Government of the Principality of Monaco and Dr Seth Berkley, Gavi’s CEO, for a contribution to accelerate the vaccination of thousands of children in developing countries.

Monaco’s partnership with Gavi is in line with the objectives of the development policy of the Prince's Government, to improve maternal and infant health by increasing access to vaccination in least developed countries.

            PROCEEDS TO GAVI FROM DONOR CONTRIBUTIONS & PLEDGES (2016-2020) AS OF 30 September 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 2000-2018 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.

            IFFIm contributions
            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.

            The Government of Monaco, through its Department of International Cooperation, has made combating poverty a priority, via three main areas of intervention:  health, education and socio-economic integration. H.S.H. Sovereign Prince Albert II attaches particular importance to the pursuit of the 17 Sustainable Development Goals (SDGs), and the most vulnerable populations are the core target of Monaco’s Official Development Assistance, including children and women. In keeping with the objectives of the Principality’s development policy, this partnership will improve child health by expanding access to immunisation in least developed countries.

            Contributions and pledges in total:

            • Direct funding (2016-2020): EUR 550,000 (USD 635,785).

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