The International Finance Facility for Immunisation (IFFIm) is one of the innovating financing solutions that provide resources needed to meet shortfalls in funding the health sector. This is a unique and successful approach to mobilise additional resources to finance the MDG's by frontloading future flows of ODA.
Moreover, IFFIm reduces aid volatility because its funds are based on long-term legally binding commitments. This also ensures predictability of aid flows to recipient countries.
South Africa is pleased to note that funds provided by IFFIm from its inception in 2006 have help save more than three million lives by accelerating access to immunisation in developing countries, according to Gavi, the Vaccine Alliance, the recipient of the funds.
Attainment of the MDGs
Some of the current key priorities for the South African Government are enhancing international cooperation, the continued prioritisation of the African continent, and the attainment of the MDGs in African countries. 40 African countries are beneficiaries from IFFIm/GAVI financing and IFFIm's support through GAVI to these countries is helping them to make progress in achieving health-related MDGs. Out of the 8 MDGs, 3 are health-related (Reducing Child Mortality, Improving Maternal Health and Combating HIV/AIDS, Malaria and other diseases).