Addis Action Agenda highlights role of IFFIm model
Addis Action Agenda highlights role of IFFIm model
16 July 2015
Ethiopia Conference billed as critical building block in identifying new Sustainable Development Goals calls for wider application of IFFIm funding mechanism
Addis Ababa, Ethiopia, 16 July 2015 – The Financing for Development Conference has called for development organisations to explore the potential for applying Gavi’s International Finance Facility for Immunisation (IFFIm) mechanism to other global issues as well as immunisation.
The Action Agenda, endorsed by representatives of the world’s governments at the four-day Conference (13-16 July) in Addis Ababa, stated: “We encourage consideration of how existing mechanisms, such as IFFIm, might be replicated to address broader development needs. We also encourage exploring additional innovative mechanisms based on models combining public and private resources such as green bonds, vaccine bonds, triangular loans and pull mechanisms, and carbon pricing mechanisms.”
In addition to encouraging the use of innovative financing mechanisms and partnerships to maximise the impact of funding, the Agenda also highlighted other key areas on which to focus development financing and end extreme poverty by 2030. Delegates agreed to work to increase domestic resources and encourage donors to meet their aid commitments.
Critical step
The Addis agreement represents a critical step toward developing of Sustainable Development Goals expected to take over from the Millennium Development Goals in September.
The Agenda also committed governments to “support research and development of vaccines and medicines, as well as preventive measures and treatments for the communicable and non-communicable diseases, in particular those that disproportionately impact developing countries”.
Gavi’s innovative role in achieving this goal was singled-out for recognition. “We will support relevant initiatives, such as Gavi, the Vaccine Alliance, which incentivises innovation while expanding access in developing countries.”
Share this article
Restricted Access Library
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.
IFFIm welcomes Augustin Flory
24 April 2024