Donors With IFFIm, donors have an immediate impact IFFIm’s financial base consists of grants from 10 sovereign sponsors. By signing the grant agreements, countries agree to pay these obligations in a specified schedule of payments. IFFIm frontloads funding for Gavi's vaccine programmes by issuing Vaccine Bonds based on the entire amount of long-term donor pledges. This unique financial mechanism enables donors' pledges to go work immediately, saving more lives, faster. IFFIm is the only aid-financing entity in history to secure legally binding commitments of up to 23 years from donors. Moreover, IFFIm has been able to raise financing at a lower funding cost than the weighted composite cost of donors. IFFIm puts long-term donor pledges to work immediately by making Vaccine Bonds available on the world’s capital markets. This frees funds up immediately to help our partners deliver life-saving vaccines without having to wait for pledged donations to come in incrementally, over time. To date, the sponsoring countries have committed to pay the following US$ equivalent amounts: Country US$ equivalent Currency of pledge United Kingdom US$ 3,652 million over 23 years GBP 2,130 million France US$ 1,884 million over 20 years EUR 1,390 million Italy US$ 821 million over 25 years EUR 654 million* *Includes a pledge to support the Coalition for Epidemic Preparedness Innovations (CEPI) through Gavi for the development of COVID-19 vaccine candidates. Norway US$ 647 million over 25 years US$ 27 million & NOK 5,100 million* *Includes additional pledges to support the Coalition for Epidemic Preparedness Innovations (CEPI) through Gavi for the development of COVID-19 vaccine candidates The Netherlands US$ 487 million over 20 years EUR 330 million & US$ 67 million Australia US$ 284 million over 20 years AUD 288 million Spain US$ 240 million over 20 years EUR 190 million Sweden US$ 38 million over 15 years SEK 276 million South Africa US$ 20 million over 20 years US$ 20 million Brazil US$ 20 million over 20 years US$ 20 million TOTAL US$ 8 billion (approximately) Second Footer Menu ABOUT IFFIm FUNDING IMMUNISATION IMPACT INVESTOR CENTRE NEWS AND RESOURCES Footer menu Contact Sitemap Legal Notice Gavi, the Vaccine Alliance World Bank © IFFIm 2021