The June 2011 evaluation of the International Finance Facility for Immunisation (IFFIm) assesses whether the IFF concept is proven and whether the IFFIm pilot has worked
The June 2011 evaluation of the International Finance Facility for Immunisation (IFFIm) assesses whether the IFF concept is proven and whether the IFFIm pilot has worked
In 2010, an independent consultancy HLSP was commissioned by the Gavi Secretariat, at the request of the International Finance Facility for Immunisation (IFFIm) Company Board, to carry out an evaluation of IFFIm.
Published in June 2011, the final evaluation assesses the extent to which IFFIm is an effective and efficient instrument to attract long-term, predictable donor funds and to frontload money to finance Gavi support for immunisation and health systems.
The evaluation also assesses the extent to which IFFIm has contributed to enhancing Gavi’s impact on immunisation and health.
The evaluation addesses whether the IFF concept, as a whole, is proven, and whether the IFFIm pilot, in particular, has worked. Specifically, “did the IFFIm mechanism work?” …and “did the IFFIm -funded investments offer value for money?”
The study looks at the alternative models that were considered at the time, but also at how the IFFIm pilot, as it was actually constituted, operated.
HLSP used a mix of literature review, data collection and analysis and structured and unstructured interviews with a range of key stakeholders. HLSP also commissioned a survey of bond dealers working in the Uridashi markets in Japan which the World Bank carried out on their behalf.
Interviews were carried out with a range of key stakeholders representing Gavi, the World Bank, the IFFIm and GFA Boards, entities providing key services, rating agencies, WHO and UNICEF and donors. The aim was to speak to a representative sample of those who had been involved in the design, implementation and financing of IFFIm.
A number of counterfactuals to assess the “without IFFIm” case were developed.
According to the study, the key strengths of IFFIm’s structure and operating characteristics are that it has: