Australia’s contributions to Gavi
Gavi, the Vaccine Alliance is an international organisation that works to reduce childhood deaths through helping low-income countries procure new and underused vaccines at low prices. Gavi works with government donors, not-for-profits and private companies. Between 2000 and 2014 Gavi helped with the provision of 500 million vaccinations, saving the lives of an estimated six million children.
Donors contribute to Gavi in several different ways. The mechanisms used by Australia to date have been direct contributions to Gavi and commitments to the International Finance Facility for Immunisation mechanism (IFFIm).
IFFIm commitments are amounts of money donors promise to give at a future point in time. These commitments enable Gavi to issue bonds based on the promised money. It then uses money from the sale of the bonds to fund current vaccine purchases. This is an innovative way of providing vaccinations as soon as possible, but it relies on commitments being met. Australia has thus far met its Gavi commitments.
According to DFAT, between 2006 to 2015 Australia provided $284 million in funding to Gavi. According to Gavi, Australia has pledged to provide $213 million in direct contributions and $110 in IFFIm contributions between 2016 and 2020 (view commitments spreadsheet here). In its most recent commitment, Australia has pledged $300 million to Gavi for the period 2021 to 2025. Australia has also pledged to contribute $145 million to IFFIm between 2021 and 2034 (this funding may also be augmented by additional direct contributions closer to the time).
Australia’s contributions to Gavi up to 31 December 2019 accounted for 2.6% of total contributions from all donors (government and other donors).
Out of the 24 governments that give to Gavi, Australia was the 12th largest donor between 2006 and 2010. Between 2011 and 2015 it was the 6th largest government donor. On the basis of its pledges, it will be the 9th largest donor from 2016-2020.
The chart below shows Australia’s commitments, using data from Gavi.