The first deal for the International Finance Facility for Immunization has priced. Iffim is an international development funding project supported by the governments of the UK, France, Norway, Sweden, Italy, Spain, South Africa and Brazil and by the Bill & Melinda Gates Foundation. It uses these donor sponsors’ future commitments to front load aid to the Global Alliance for Vaccines and Immunization (Gavi) which is targeting 500 million children in the world’s poorest countries.
As a result of this innovative use of the capital markets Gavi will be able to put in place long-term plans.
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