Fourth GAVI Board Meeting, Noordwijk, The Netherlands, 19 November 2000
report of the Vaccine Fund: projection of expenditures
Jacques-François Martin, President of the Vaccine Fund, presented three
scenarios representing low, intermediate and high projections for income
and expenditures over the next five years (See
Annex 1 Powerpoint 650k).
Noted that current Vaccine Fund resources are sufficient to address
the basic GAVI objectives but that more resources are needed for GAVI to
meet all its goals.
Endorsed a conservative policy on expenditures so that financial
commitments to countries will be consistent with available Vaccine Fund
Welcomed the announcement, made at the meeting by Dr Borst-Eilers,
that the Government of the Netherlands will commit 250 million guilders
(approximately US$ 100 million) to GAVI and the Vaccine Fund over the
next five years;
Recognized that the projections on expenditures do not take into
consideration supply shortfalls among combination vaccines and that
these shortfalls demonstrate GAVIs affect in generating demand for the
vaccines and the need for long-term planning.
Requested that Mr Martin, in collaboration with the Working Group,
further develop the three scenarios he described, providing specific
recommendations on potential levels of support from the Vaccine Fund and
reporting back to the Board at its June 2001 meeting.