World Immunization Week highlights IFFIm's game-changing innovations
World Immunization Week highlights IFFIm's game-changing innovations
26 April 2019
Since 2006, IFFIm has contributed US$ 2.6 billion to Gavi’s immunisation programmes and had a catalytic effect on increasing uptake of underused vaccines in the poorest countries.
Making sure that vaccines reach as many children as possible around the world requires a healthy dose of innovation. During World Immunization Week 2019, IFFIm and Gavi are showcasing how innovative financing furthers Gavi’s mission to create equal access to new and underused vaccines for children living in the world’s poorest countries.
IFFIm’s funding plays a critical role in immunisation. A recent analysis shows how, over a decade, IFFIm’s frontloading mechanism in support of routine immunisation has allowed more than 80 million children to be vaccinated ahead of receiving donors’ grants.
Since 2006, IFFIm has raised US$ 6.1 billion issuing Vaccine Bonds and Vaccine Sukuk on the capital markets, and has contributed US$ 2.6 billion to Gavi’s immunisation programmes. Frontloading funds to introduce and maintain routine vaccination programmes makes government donors’ investments go further by speeding delivery of Gavi’s live-saving vaccines.
For example, Pakistan has received more than US$ 16 million in health system strengthening financing from IFFIm. This money went to improving Pakistan’s program management, human resources, finance, logistics, service delivery, monitoring and advocacy.
In 2008, IFFIm disbursed more than US$ 6 million to help stabilise Nepal’s health administration. Then, in April 2015, Nepal was devastated by an earthquake. But because the country’s health system was relatively strong — due in part to IFFIm funding — the country managed to resume regular immunisation services within days.
IFFIm has also played a prominent role in one of Gavi’s core and most successful functions: negotiating significantly lower vaccine costs for the world’s poorest countries. With funds provided by IFFIm, Gavi has had a catalytic effect on increasing uptake of underused vaccines in the poorest countries. For example, by funding more than 90% of initial vaccines for Gavi’s pentavalent programme, IFFIm’s investment encouraged manufactures to increase production and decrease the price. Gavi is now able to procure pentavalent vaccines for US$ 0.88 per dose, a price reduction of more than 75% since 2006.
IFFIm has provided more than US$ 27 million for pentavalent in Uganda, making it one of the first Gavi-supported countries to deliver the vaccine to its children. Hib was virtually eliminated in just five years, preventing 30,000 cases of severe Hib disease and 5,000 child deaths every year.
IFFIm also made a significant contribution to Gavi’s mission to eradicate polio, investing more than US$ 191 million to help develop and license oral polio vaccine (OPV) products. IFFIm’s support contributed to a striking 95% decline in polio cases in Nigeria and India, the elimination of wild poliovirus from all 15 countries reinfected in 2009 and an 85% decline in type 3 polio cases globally.
In June 2018, Gavi approved an exceptional extension of overall support for Nigeria up to 2028 including funding for inactivated polio vaccine (IPV) for the next two years. IFFIm may play a role in financing this extension initiative.
As the world celebrates progress made by immunisation programmes and looks to challenges of the future, IFFIm will continue innovating ways to support and fund life-saving vaccines and strengthen health systems.
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.