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.
To date, the sponsoring countries have committed to pay the following US$ equivalent amounts:
IFFIm makes donor money available faster by issuing vaccine bonds based on long-term donor pledges: