Release date: 27 September 2022
Promoter – Financial Intermediary
GAVI ALLIANCELocation
Description
Guarantee facility to support GAVI's (the Vaccine Alliance) investments in vaccines and in sustainable immunisation programmes.
Additionality and Impact
The project aims to work beyond COVID-19 to increase immunisation coverage in low-income countries, harness vaccine supply security and provide sustainable immunisation programs. By addressing unmet medical needs through the provision of vaccines to low-income countries the project strengthens local health systems and enhances independent health security. The project is expected to make a significant contribution to the realisation of several Sustainable Development Goals (SDGs), notably SDG3 Ensure healthy lives and promote wellbeing for all at all ages.
Objectives
The project aims to work beyond COVID-19 to increase immunisation coverage in low-income countries, harness vaccine supply security and provide sustainable immunisation programs. By addressing unmet medical needs through the provision of vaccines to low-income countries the project strengthens local health systems and enhances independent health security. The project is expected to make a significant contribution to the realisation of several Sustainable Development Goals (SDGs), notably SDG3 - Ensure healthy lives and promote wellbeing for all at all ages.
Sector(s)
- Health - Human health and social work activities
Proposed EIB finance (Approximate amount)
USD 320 million (EUR 319 million)
Total cost (Approximate amount)
USD 3300 million (EUR 3292 million)
Environmental aspects
The project mainly concerns investments that are expected to be carried out in existing facilities already authorised for the same purpose. The compliance with the EIA Directive 2011/92/EU as amended by Directive 2014/52/EU and the Habitats Directive (92/43/EEC as amended) will be verified during the appraisal.
Procurement
Due to the status of the Promoter as an International Organisation, the Bank has concluded that the Promoter may not be subject to the Guide to Procurement. Under this project, the Promoter will rely on United Nations Children's Fund "UNICEF" to conduct the procurement. Therefore the Promoter will follow UNICEF's procurement policy and procedures under this project and the Guide to procurement will not apply.
Status
Signed - 19/12/2022
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).