Sweden is one of the original six donors to Gavi and since inception showed its commitment by steadily increasing its political and financial support over the years. Sweden is an active member of the Alliance and regularly provides input on key policy issues for Gavi. Sweden also hosted Gavi’s first Mid-Term Review meeting in October 2013.
Sweden contributes to the Vaccine Alliance both through direct funding and IFFIm. Since 2001, Sweden has contributed USD 377.4 million in direct contributions and committed SEK 271.1 (USD 33 million) to IFFIm.
At the pledging conference in London in 2011, Sweden committed a minimum of SEK 250 million per year over the period 2011-2015, and this amount has rapidly and substantially increased over the subsequent periods. In Berlin 2015, the Minister for International Development Cooperation announced an increase in Sweden’s contribution to the Vaccine Alliance to a minimum of SEK 300 million per year for the period 2016-2020.
The Swedish government has decided to increase its support to Gavi by SEK 50 million to a total of SEK 350 million in 2018.
Prime Minister Stefan Lövfen announced on 4 June 2020, on the occasion of the Global Vaccine Summit, that Sweden has committed SEK 1.75 billion to Gavi for the 2021-2025 period. Sweden has also provided SEK 100 million to the COVAX AMC.
Contributions and pledges in total:
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 2000-2019 and Q1-Q3 2020 are expressed in US$ equivalents using the exchange rates on the dates of receipt. For 2014-2019 and Q1-Q3 2020 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 4 June 2020 replenishment conference): non-US$ Direct Contribution and Matching Fund pledges for Q4-2020.
Future contributions (for pledges at the 4 June 2020 replenishment conference): non-US$ Direct Contribution and Matching Fund pledges for Q4-2020 and years
Future contributions: non-US$ contributions for Q4-2020 and for years 2021 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 spot rates from Bloomberg as at 30 September 2020
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 amount due in the event that a programme country is in protracted arrears with the International Monetary Fund. As of 30 September 2020, IFFIm donor grant payments are reduced by 0.5%, however such reductions are not reflected in future contributions figures.