ELMA Vaccines and Immunization Foundation

Beginning its grant-investing activities in 2012, the ELMA Vaccines and Immunization Foundation's mission is to expand vaccine and immunization coverage for children globally.

In 2014, ELMA Vaccines and Immunization Foundation pledged USD 2 million to support urgent supply chain needs at country level to overcome barriers to delivering temperature-sensitive vaccines to remote areas. The pledge is matched by the UK Government through Gavi’s Matching Fund, bringing the total sum to USD 4 million.

In 2018, ELMA partnered with Gavi’s INFUSE Pacesetter, Nexleaf Analytics, to scale up of its innovative temperature sensing technology to support the cold chain aiming to increase coverage and vaccine introductions in Tanzania. ELMA pledged USD 1.7 million, which was matched by the Bill and Melinda Gates Foundation through Gavi’s Matching Fund, bringing the total sum to USD 3.4 million

In 2020, at the Global Vaccine Summit, ELMA renewed its commitment to Gavi and Nexleaf Analytics by pledging an additional USD 1.5 million, which has been matched by the Bill and Melinda Gates Foundation through Gavi’s Matching Fund, bringing the total sum to USD 3.0 million. This total sum will build on ELMA and Gavi’s investment in Tanzania and ensure that temperature is monitored during the vaccine transportation, allowing end-to-end temperature monitoring of vaccines.

PROCEEDS TO GAVI FROM DONOR CONTRIBUTIONS & PLEDGES (2021-2025) AS OF 30 June 2021

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 2000-2020 and Q1-Q2 2021 are expressed in US$ equivalents using the exchange rates on the dates of receipt. For 2014-2020 and Q1-Q2 2021 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 Matching Fund pledges for Q3-Q4 2021 and years 2022 and beyond are expressed in US$ equivalents using the applicable forecast rates from Bloomberg as at 30 June 2021 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 Matching Fund pledges for Q3-Q4 2021 and for years 2022 and beyond are expressed in US$ equivalents using the spot rates from Bloomberg as at 30 June 2021 or using the rates applicable to any hedge agreement in place.

IFFIm contributions

Received contributions: non-US$ contributions for 2000-2020 and for Q1-Q2 2021 are expressed in US$ equivalents as confirmed by the IBRD (World Bank)

'Future contributions: non-US$ contributions for Q3-Q4 2021 and for years 2021 and beyond are expressed in US$ equivalents as follows:

For signed contribution agreements: contributions are expressed in US$ equivalents using the exchange rates at the time of signing the respective donor grant agreements.
For contribution agreements not yet signed: contributions are expressed in US$ equivalents using the applicable spot rates from Bloomberg as at 30 June 2021

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 by the donor in the event that a Gavi-supported programme country is in protracted arrears with the International Monetary Fund. As of 29 June 2021, there is no longer any reduction applied, as all countries from the reference portfolio have cleared their arrears with the IMF.