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% of commitments paid on schedule:
Note: Proceeds are the funds made available to GAVI for the period from donor contributions and commitments, either through cash payments made to GAVI, through the frontloading via the capital markets of a donor future commitment to IFFIm, or AMC funds released to GAVI via the World Bank. Proceeds are subject to change from factors including new pledges announcements, GAVI's cash flow needs from IFFIm and the impact of foreign currency changes. Figures do not include IFFIm agreements that have yet to be formally signed.
All 2000-2011 direct and GAVI Matching Fund contributions are recorded in US dollars at the actual exchange rates for the day of cash received. All 2012-2031 direct and GAVI Matching Fund pledges are expressed in US dollars at 31 March 2012 exchange rates.
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Contributions comprise direct contributions already received by GAVI from donors, contributions made to IFFIm and the AMC donor contributions to the World Bank. All 2000-2011 direct, Matching Fund, and AMC contributions are recorded in US dollars at the actual exchange rates for the day of cash received. All 2012-2031 direct, Matching Fund, and AMC pledges are expressed in US dollars at 31 March 2012 exchange rates.All 2000-2011 IFFIm contributions are recorded in US dollars at the actual exchange rates for the day of cash received. All 2012-2031 IFFIm pledges by donors in US dollars and US dollar equivalent amounts of national currency pledges calculated using prevailing exchange rate at the time of signing of the grant agreement. These contributions are hedged at the time the grant agreement is signed. These contributions have not been reduced by a notional 3% provision to allow for any potential reduction arising from the High Level Financing Condition of the IFFIm Finance Framework Agreement.
As a founding partner of the GAVI Alliance, the Gates Foundation has brought international attention to the cause of immunisation and has made several commitments to GAVI, totalling US$ 2.5 billion to-date. In 2000, the foundation made an initial US$ 750 million commitment to the Vaccine Fund, which was catalytic in bringing other donors to support vaccine delivery and creating the GAVI Alliance.
In 2005, the foundation made a ten-year pledge of US$ 750 million to GAVI, an example of the long-term and predictable contributions that are key to GAVI’s programming. In February 2007, the foundation committed US$ 50 million to launch the first AMC to speed the development and availability of pneumococcal vaccines.
At the most recent pledging conference in June 2011, the Gates Foundation committed an additional US$ 1 billion to GAVI over the period 2011-2015; of this commitment, US$ 50 million is reserved for the GAVI Matching Fund; US$ 33 million was used to match a commitment of US$ 33 million for 2011-2013 from His Highness Sheikh Mohammed Bin Zayed Al Nahyan for 2011-2013; the Gates Foundation also matched the year on year increase of commitments from Germany for 2011 and 2012.
In addition, US$ 250 million of the US$ 1 billion is reserved to match additional funds raised by other donors in the future released as these commitments are made.
Contributions and pledges in total:
© GAVI Alliance 2013
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