GAVI said the International Finance Facility for Immunisation (IFFIm) “has raised more than US$ 2 billion dollars on the international capital markets so far to support life-saving immunisation programmes through the GAVI Alliance.” IFFIm board chairman Alan Gillespie, at a meeting on innovative financing in Geneva, noted that “…there is a strong demand among individual and institutional investors for ethical investments….this is just the beginning and we believe we can raise another US$ 2 billion. The demand is there.” IFFIm is backed by the United Kingdom, France, Italy, Spain, Sweden, Norway and South Africa, which have pledged to contribute US$5.3 billion to IFFIm over 20 years. IFFIm “converts these long-term government pledges into immediately available cash by issuing bonds on the capital markets” which carry a triple-A rating from the three major rating agencies…making it an attractive and ethical investment opportunity to both individual and institutional investors alike. The World Bank acts as financial adviser and Treasury Manager to IFFIm.

http://www.gavialliance.org/media_centre/press_releases/2009_05_19_IFFIm_ethical_investment.php