China Makes First Aid Commitment to Gavi
Tuesday, January 27, 2015
Despite Gavi, the Vaccine Alliance’s ambitious $7.5 billion target, donors rose up to the challenge and pledged slightly more than the set goal: $7.539 billion. These commitments are a reflection of donors’ continued confidence not only in the alliance’s capability to deliver results but also to provide evidence of value for money.
The United Kingdom remains Gavi’s biggest supporter, pledging 1.44 billion pounds ($2.16 billion) in support of the alliance’s work for the next five years. This was followed by the Bill & Melinda Gates Foundation ($1.55 billion) and the United States ($1 billion), although U.S. commitment is only until 2018.
As Devex previously reported, most of these commitments are higher than pledges for the current 2011-2015 period. The Gates Foundation previously pledged $1.32 billion, while the United States’ commitment was only at $533 million. A portion of the new U.S. pledge, however, is for 2015 as well.
Norway increased its contribution from $757 million to 6.25 Norwegian kroner ($802 million), and Germany, which hosted the conference, more than doubled its support to $673 million. Canada doubled its commitment to $401.67 million as well.
- Health Care