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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 2000-2013 direct and GAVI Matching Fund contributions are recorded in US dollars at the actual exchange rates for the day of cash received. All 2014-2033 direct and GAVI Matching Fund pledges are expressed in US dollars at 31 December 2013 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 2000-2013 direct, Matching Fund, and AMC contributions are recorded in US dollars at the actual exchange rates for the day of cash received. All 2014-2033 direct, Matching Fund, and AMC pledges are expressed in US dollars at 31 December 2013 exchange rates.All 2000-2013 IFFIm contributions are recorded in US dollars at the actual exchange rates for the day of cash received. All 2014-2033 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.
France has been a donor to GAVI since 2004 and has contributed to the Alliance through direct contributions and IFFIm.
Underpinning a strong commitment to innovative financing to meet health MDGs, France is the second largest contributor to the IFFIm (25% of IFFIm commitments for 2011-2015). In 2006, France made an initial commitment to IFFIm of €373 million over 20 years. An additional pledge in 2007 for 19 years brings France’s total commitment to IFFIm to €1.24 billion.
For the period 2004 to 2006, France made an annual contribution of €5 million. By end 2010, France had contributed a total of €15 million to the GAVI Alliance through direct contributions. In June 2011, France made an additional direct commitment of €100 million to GAVI over the period 2011-2015.
Of this €100 million pledge, €67 million has been received and an additional €11 million is under a signed grant agreement. The remaining amount of €22 million has yet to be allocated by year by France and as such, for calculation purposes, this sum has been included in 2015, although the effective payments will be made over the period 2014-2015. An update of the annual allocation will be provided in due course.
Contributions and pledges in total:
© GAVI Alliance 2014
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