The International Finance Facility for Immunisation (IFFIm) announced the renewal of its Treasury Management Agreement with the World Bank for a five year period. Alan Gillespie, IFFIm Board Chair, said, “this has been an effective partnership that has positioned IFFIm exceptionally well in markets and contributed greatly to the GAVI Alliance’s role in vaccinating children in developing countries against serious, but preventable diseases.” Under the agreement, the World Bank manages IFFIm’s finances according to prudent policies and standards. This includes IFFIm’s funding strategy and its implementation in the capital markets, rating agency and investor outreach, hedging transactions and investment management. The World Bank also coordinates with IFFIm’s donors and manages their pledges and payments as well as IFFIm’s disbursements for immunisation and health programmes through the GAVI Alliance. IFFIm was set up in 2006, to help save millions of children’s’ lives by increasing funding for the purchase and delivery of vaccines and by strengthening health services in developing countries through the GAVI Alliance. IFFIm’s donors are the United Kingdom, France, Italy, Spain, Australia, the Netherlands, Sweden, Norway and South Africa. Brazil has also announced that it will become an IFFIm donor.

http://www.gavialliance.org/library/news/press-releases/2011/iffim-and-world-bank-renew-commitment-to-raise-funds-for-gavi-programmes/