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:
IFFIm makes donor money available faster by issuing vaccine bonds based on long-term donor pledges: