IFFIm Board charts plans for 2023
IFFIm Board charts plans for 2023
3 April 2023
L-R: Bertrand de Mazières, Jessica Pulay, Helge Weiner-Trapness, Doris Herrera-Pol, Kenneth G Lay
The first IFFIm board meeting of the year set the stage for reviewing and recognising the surge of activity at IFFIm over the last two years — US$ 1.8 billion in Gavi funding and US$ 1.8 billion bond issues.
IFFIm’s Board of Directors gathered in London on 1 March 2023 to discuss plans to support Gavi and broaden its impact in a post-pandemic environment. The first meeting of the year set the stage for reviewing and recognising the surge of activity at IFFIm over the last two years—US$ 1.8 billion in Gavi funding and US$ 1.8 billion in bond issues.
At the meeting, the board considered how to apply an IFFIm-type model to a contingent financing mechanism that could finance a response to future pandemics. The board also discussed ways to build on IFFIm’s strong results and future potential during Gavi's Midterm Review, which will be held in June in Madrid, hosted by Gavi and Spain.
“IFFIm dramatically increased its engagement in impact investing to surge funding during the pandemic and it has been rewarding to look back on that success. We are all excited to see how IFFIm’s business model will be put to work in new ways in the coming months and years,” said Ken Lay, Chair of IFFIm’s Board of Directors.
During the meeting, the board reappointed Jessica Pulay to another three-year term as a director and renewed her role as a member of the audit committee until 31 March 2026.
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