IFFIm

AcronymDefinition
IFFImInternational Finance Facility for Immunization
References in periodicals archive ?
IFFIm is a good fit for socially responsible and Islamic investors, providing both with an opportunity to invest in an area with a clear and significant social purpose -- to save children's lives."
IFFIm's unique public-private partnership presents a compelling case study for financing with social impact; 79 per cent of Gavi's funding is from the government with the balance from the private sector.
The ratings on IFFIm's senior unsecured debt, including programmes, have also been affirmed at 'AA'.
So far IFFIm has raised up to $5.2 billion in vaccine bonds worldwide to go ahead with its commitment of increasing access to immunisation in poor countries.
With the IFFIm sukuk, for instance, around 65 per cent of the investors were based in the Middle East and financial institutions made up three-quarters of the total.
The US$ 7.5 billion pledged for Gavi's replenishment will be combined with US$ 2 billion in already assured resources including nearly US$ 1.2 billion from IFFIm for the 2016-2020 period to enable Gavi to meet the US$ 9.5 billion cost of funding vaccine programmes in developing countries over the five year period.
Moody's Investors Service yesterday assigned a provisional (P)Aa1 senior unsecured MTN rating to the Trust Certificate Issuance of IFFIm Sukuk Company Limited ("the Issuer"), a special purpose vehicle established in the Cayman Islands by International Finance Facility for Immunisation Company (IFFIm).
Rated AA by Standard and Poor's, Aa1 by Moody's and AA+ by Fitch, IFFIm, for which the World Bank acts as treasury manager, has mandated Barwa Bank, amongst four other banks, to arrange investor meetings in the Middle East, with a sukuk expected to follow the roadshow.
In turn, the IFFIm is a system to advance development resources; this system increases the leverage forecasting of flows by issuing bonds on international capital markets to obtain resources for immediate use in programmes of immunisation (e.g., vaccination and vaccine purchases and reserves) in developing economies through campaigns developed by the Global Alliance for Vaccines and Immunisation (GAVI).
"Through the worst of the financial crisis, when the cost of borrowing skyrocketed for many, IFFim survived," Ferreira said of its International Finance Facility for Immunisation (IFFim) arm which arranges the bonds.
Para isso, a GAVI vem buscando fontes alternativas de financiamento alem das doacoes, como o International Finance Facility for Immunization (IFFIm), tendo conseguido arrecadar aproximadamente US$ 5 bilhoes no mercado financeiro por esta via.