GAVI has had remarkable success towards achieving Millennium Development Goal 4 - to reduce child mortality - and is at the forefront of innovative approaches to health financing including the International Finance Facility for Immunisation (IFFIm).
IFFIm is an important element in achieving broader health impacts on the lives of those in the world's poorest countries. Recognising how critical this work is, Australia is committing $250 million over 20 years to IFFIm, which places Australia among the top 10 contributors to GAVI's efforts.
Unique and invaluable component of GAVI's campaign
The Australian Government is expected to spend $1.6 billion to improve maternal and child health by 2015. Both our direct support to GAVI, and our additional support to IFFIm, demonstrates Australia's belief that IFFIm has proved itself a unique and invaluable component of GAVI's innovative, cost-effective campaign to prevent children dying from largely preventable diseases.
IFFIm has generated additional and more predictable funds for immunisation, meaning fewer children have to miss out on life-saving vaccines. The IFFIm financing work alleviates problems developing countries' face in being able to buy vaccines, and plan and carry out immunisation programmes.
IFFIm's unique approach
Australia welcomes the findings of the independent evaluation of IFFIm, which show that IFFIm is a robust, flexible innovative financing model. IFFIm's unique approach has given donors the opportunity to contribute additional support for immunisation by spreading the cost over a long period.
Of great interest to Australia is IFFIm's proven capacity to achieve impacts beyond those specifically targeted for immunisation. Although much of GAVI's health systems support has appropriately been immunisation-specific, strengthened systems can also provide a platform for the delivery of health services as a whole, fitting well with Australia's health aid focus of working with countries and partners to help build their health systems.
Mr Rudd signed the $250 million commitment in the presence of GAVI Interim CEO Helen Evans in Canberra on 22 March 2011.
The material in this Restricted Access Library is intended to be accessed only by persons with residence within the territory of a Member State of the European Union and is not intended to be viewed by any other persons. The material in this Restricted Access Library is provided by IFFIm for information purposes only and the materials contained herein were accurate only as of their respective dates. Certain information in the materials contained herein is not intended to be, and is not, current. IFFIm accepts no obligation to update any material contained herein.
Persons with residence outside the territory of a Member State of the European Union who have access to or consult any materials posted in this Restricted Access Library should refrain from any action in respect of the securities referred to in such materials and are otherwise required to comply with all applicable laws and regulations in their country of residence.
By clicking Access restricted content: DYNAMIC-LINK-TEXT I confirm that I have read and understood the foregoing and agree that I will be bound by the restrictions and conditions set forth on this page.
The materials in this Restricted Access Library are for distribution only to persons who are not a "retail client" within the meaning of section 761G of the Corporations Act 2001 of Australia and are also sophisticated investors, professional investors or other investors in respect of whom disclosure is not required under Part 6D.2 of the Corporations Act 2001 of Australia and, in all cases, in such circumstances as may be permitted by applicable law in any jurisdiction in which an investor may be located.
The materials in this Restricted Access Library and any documents linked from it are not for access or distribution in any jurisdiction where such access or distribution would be illegal. All of the securities referred to in this Restricted Access Library and in the linked documents have been sold and delivered. The information contained herein and therein does not constitute an offer for sale in the United States or in any other country. The securities described herein and therein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable state securities laws.
Each person accessing the Restricted Access Library confirms that they are a person who is entitled to do so under all applicable laws, regulations and directives in all applicable jurisdictions. Neither IFFIm nor any of their directors, employees, agents or advisers accepts any liability whatsoever for any loss (including, without limitation, any liability arising from any fault or negligence on the part of IFFIm or its respective directors, employees, agents or advisers) arising from access to Restricted Access Library by any person not entitled to do so.