2003
January 2003
What IFF?
The government of the United Kingdom launches a proposal for an International Finance Facility (IFF) to provide significant additional funds for immediate development assistance. The proposal was inspired by the commitment of all members of the United Nations to meet the Millennium Development Goals by 2015.
2004
November 2004
UK and France make the IFF a reality
The United Kingdom and France announce their commitment to launch an International Finance Facility for Immunisation (IFFIm) - a pilot that would apply the principles of the broader IFF on a smaller scale to the immunisation sector.
2005
September 2005
Key European nations join UK and France
The United Kingdom, France, Italy, Spain and Sweden commit nearly US$ 4 billion to support and scale up the work of GAVI through the launch of IFFIm. This innovative "frontloading" approach is estimated to prevent the deaths of more than five million children from vaccine-preventable diseases.
December 2005
Norway joins IFFIm
At the 3rd GAVI Partners Meeting in New Delhi, Prime Minister Jens Stoltenberg announces the Government of Norway to join IFFIm to become its sixth government donor.
2006
November 2006
IFFIm issues inaugural Vaccine Bonds
IFFIm raises US$ 1 billion through the inaugural issue of bonds to institutional investors, accelerating the availability of funds to be used for health and immunisation programmes through GAVI. The new funds will enable GAVI to build on its success and immunise more than 500 million children against vaccine-preventable diseases before 2015.
2007
March 2007
South Africa joins IFFIm
The Republic of South Africa joins IFFIm, becoming its seventh government donor. With a commitment of US$ 20 million, South Africa becomes the first emerging market country donor to contribute to IFFIm.
November 2007
IFFIm raises almost US$ 1 billion in first year
IFFIm approaches US$ 1 billion raised in its first year, providing US$ 995 million to 43 of the world's poorest countries to spend on life-saving immunisation and health programmes.
2008
March 2008
Japanese investors welcome Vaccine Bonds
The second IFFIm bond sale secures US$ 223 million from private investors in Japan. IFFIm's debut in Japan is the largest South African rand-denominated bond to date in the Uridashi market.
2009
June 2009
The Netherlands joins IFFIm
The Netherlands displays its strong desire to stimulate innovation and to involve the private sector in development by pledging €60 million over eight years to IFFIm, becoming its eighth government donor.
2010
November 2010
IFFIm prices inaugural benchmark in Australian dollars
The AUD 400 million, five-year bonds demonstrate institutional investors’ continued support for IFFIm and its humanitarian purpose.
2011
March 2011
Australia joins IFFIm
Australia joins IFFIm by pledging US$ 256 million over 20 years, becoming its ninth government donor.
