Gavi

Gavi

www.gavi.org
CEO BOARD UPDATE
Seth Berkley, CEO
4 December 2019 , New Delhi
Gavi - India partnership: catalysing transformation of
world?s largest immunisation programme
Penta
HSS1
(2014 -17)
HepB
Injection safety support
(2005 -07)
Gavi -India partnership approved
Rota
MR (C)
PCV
IPV Td
HSS2
(2017 -21)
Mission Indradhanush
Number of underimmunised children (based on DTP 3 coverage) India DTP3 coverage
Number of
underimmunised
children (million)
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2
4
6
8
10

1



Board -2019 -Mtg -3-IFFIm Chair Report

Section A: Introduction
? This report provides an overview o f IFFIm ?s contribution to Gavi and its role
in the 2021 -2025 replenishment.
? IFFIm is an innovative financing mechanism with strong donor support and
recognised as a pioneer in socially responsible investing
? IFFIm is expected to provide US $ 1.475 billion in assured resources for
2021 -2025 period with add ed value through its financial flexibility .
? IFFIm?s existing resources will be nearly exhausted by the end of the
2021 -2025 period and its financial strength compromised from 2024 .
? A replenishment of US$ 500 - US$ 1 billion will enable Gavi to fully meet its
flexible funding needs and retain IFFIm?s effectiveness as a financing
mechanism for the next strategic period .
Annexe s
Annex A : IFFIm Chair report

SUBJECT : IFFIM CHAIR REPORT
Category: For Information
Report to the Gavi Board
4-5 December 2019

1



Board -2019 -Mtg -3-Programme and Policy Committee Chair Report


Section A: Introduction
? This report provides the Board with an overview of the activities of the
Programme and Policy Committee ( PPC ) since the Board last met in June
2019 .
? The PPC met in Geneva on 23 -24 October 2019. During the two -day PPC
meeting, the Committee discussed a numb er of important topics for the
Alliance and agreed on recommendations which are being put forward to
the Board at its December meeting for consideration.
? In the context of the light touch Board Effectiveness Review, which included
a survey by PPC members o f the PPC, the PPC met in closed session on
24 October 2019 to review the results of the survey and to provide any
further comments.
? The PPC Chair report is attached in the form of a presentation as Annex A
and the PPC recommendations to the Board are attached as Annex B.
Annexes
Annex A : PPC Chair report
Annex B : PPC recommendations to Gavi Alliance Board
SUBJECT : PROGRAMME AND POLICY COMMITTEE CHAIR REPORT
Category: For Information
Report to the Board
4-5 December 2019

Board -2019-Mtg -3-A





G avi Alliance Board Meeting
4-5 December 2019
Hyatt Regency Hotel, Delhi, India

Board and Committee minutes




No te
Minutes of Board and C ommittee meetings held since the Board meeting in Geneva in June 2019 are
included in this document for ease of reference. Decision slides are i ncluded when meeting mi nutes
have not been approved . The agenda of a meeting is pr ovided when no decision wa s made or when
discussions/ decisions were commercially sensitiv e or confidential .

Pages MINUTES
1-28 Board ? 26 -27 June 2019
29 -32 Board ? 19 July 2019
33 Board ? 12 August 201 9 (No -objection consent)
34 Boar d ? 11 Octobe r 201 9 (No -objection consent)
35 -42 Audit and Finan ce Committee ? 25 July 2019
43 -49 Audit and Finance Committee ? 10 October 2019 (Decision slides)
50 -51 Audit and Finance Committee ? 26 Nove mber 2019 (Agenda)
52 -63 Programme and Policy C ttee ? 23 -24 October 2019 (Decision slides)
64 -72 Gove rnance Co mmittee ? 1 October 2019
73 -78 Investment Committee ? 10 September 2019
79 -81 Investment Committee ? 14 N ovember 2019 (Decision slides)
82 -84 Evaluation Advisory C ommi ttee ? 2-3 October 201 9 (Decision slides)

1



Board -2019 -Mtg -3-Audit and Finance Committee Chair Report

Section A: Introduction
? This report provides the Board with an overview of the activities of the Audit
and Finance Committee ( AFC ) since the Board last met in June 201 9.
? The AFC met three times (2 5 July , 10 October and 26 November ).
Subjects reviewed are noted below under Section B.
? AFC recommendations to the Board are attached as Annex A.

Section B: Subject matters reviewed
1) Audit & financial reporting
? External audits were completed on time, with no significant audit issues
identified by Deloitte .
? The 201 8 Annual Financial Report (AFR), was completed and published
on -time, with no significant issues identified by Deloitte .
? Gavi's annual tax return (For m 990) was filed in November ahead of the
deadline . The AFC reviewed the compensation section included in the
return. Unlike previous years there was no significant changes to the 2018
990 compared with 2018 in terms of compensation for CEO and others
beca use the exchange rate of Swiss francs and dollars remained largely
unmoved over the year.
? Quarterly abridged consolidated and standalone financial statements we
discussed with no issues raised .
? Th e transition was completed successfully between KPMG and Deloitte as
Gavi?s external auditor .
? Standalone Swiss audit and internal control requirements : The Committee
was updated with additional reporting requirements for the year end
31 December 2019 and the actions required to comply with these
requirements.
2) Financial Update
? The financial update covering 2019 actuals and the forecast for 2016 -2025
was received.
SUBJECT : AUDIT & FINANCE COMMITTEE CHAIR REPORT
Category: For Information
Report to the Board
4-5 December 201 9

1



Board -2019 -Mtg -3-Doc B


Section A: Executive Summary
Context
Key shifts in the Gavi 5.0 strategy objectives and goals necessitate new ways of
approaching monitoring and evaluation (M&E) that build up on the lessons learned
from Gavi 4.0.
Improvements in the Gavi 5.0 M&E system will include 1) developing a theory of
change underpinning the Gavi 5.0 strategy goals and objectives with well -
articulated causal pathways and key assumptions ; then using this to outline the
measurement and learning objectives from the outset of the strategy period,
establish indicators interlinked across the results chain (i.e. the measurement
framework) and risks that are routinely monitored and used for timely performance
management and shared accountability for delivering results.
In October 2020, t he PPC was requested to provide g uidance on the approach to
development of the 2021 -2025 M&E system, and more narrowly, the principles and
process for development of the Gavi 5.0 strategy performance measurement
framework , as described in this paper . More recently, the Gavi 5.0 Measurement
Framework Technical Working Group (TWG) discussed indicator options for
measuring ?zero -dose? children.
Questions this paper addresses
1) What approaches , principles and processes does the Gavi Alliance intend to
develop and use for manag ing performance , monitor ing progress ,
demonstrat ing accountability and generat ing learning for achieving the
2021 - 2025 strategy objectives ?
2) How will the Gavi Alliance measure ?zero -dose? children in the 2021 -2025
strateg y?
Conclusions
The Programme and Policy Committee (PPC) expressed strong support for the
proposed structur e, principles and process for developing the 2021 -2025 M&E
system and approach to evaluations , which will rely on theory of change to
underpin the the measurement framework and evaluation workplan. I n a recent
meeting of the Gavi 5.0 Measurement Framework TWG, it was agreed that lack of
SUBJECT : 2021 -2025 MEASUREMENT FRAMEWORK
Agenda item: B
Category: For Information
Report to the Board
4-5 December 2019

1



Board -2019 -Mtg -3-Doc B


Section A: Executive Summary
Context
Key shifts in the Gavi 5.0 strategy objectives and goals necessitate new ways of
approaching monitoring and evaluation (M&E) that build up on the lessons learned
from Gavi 4.0.
Improvements in the Gavi 5.0 M&E system will include 1) developing a theory of
change underpinning the Gavi 5.0 strategy goals and objectives with well -
articulated causal pathways and key assumptions ; then using this to outline the
measurement and learning objectives from the outset of the strategy period,
establish indicators interlinked across the results chain (i.e. the measurement
framework) and risks that are routinely monitored and used for timely performance
management and shared accountability for delivering results.
In October 2020, t he PPC was requested to provide g uidance on the approach to
development of the 2021 -2025 M&E system, and more narrowly, the principles and
process for development of the Gavi 5.0 strategy performance measurement
framework , as described in this paper . More recently, the Gavi 5.0 Measurement
Framework Technical Working Group (TWG) discussed indicator options for
measuring ?zero -dose? children.
Questions this paper addresses
1) What approaches , principles and processes does the Gavi Alliance intend to
develop and use for manag ing performance , monitor ing progress ,
demonstrat ing accountability and generat ing learning for achieving the
2021 - 2025 strategy objectives ?
2) How will the Gavi Alliance measure ?zero -dose? children in the 2021 -2025
strateg y?
Conclusions
The Programme and Policy Committee (PPC) expressed strong support for the
proposed structur e, principles and process for developing the 2021 -2025 M&E
system and approach to evaluations , which will rely on theory of change to
underpin the the measurement framework and evaluation workplan. I n a recent
meeting of the Gavi 5.0 Measurement Framework TWG, it was agreed that lack of
SUBJECT : 2021 -2025 MEASUREMENT FRAMEWORK
Agenda item: B
Category: For Information
Report to the Board
4-5 December 2019

1



Board - 2017 - Mtg - 1 - Doc CHOOSE DOC NUMBER
Section A: Introduction

? This report provides the Board with an overview of the activities of th e
Evaluation Advisory Committee ( EAC ) since the Board last met in June
2019.

? The EAC met in Geneva on 2 - 3 October 2019 under a new Chair, Nina
Schwalbe. The EAC also welcomed 4 new members to the Committee ;
Marta Nune s, Maty Dia , Juan Pablo Guti?rrez and Ez zedine Mohsni .

? At this meeting, the EAC revi e wed the draft Terms of Reference ( ToRs ) for
the evaluation of Gavi?s Engagement with the Private Sector and the
evaluation of Gavi?s Supply and Procurement Strategy . These will be issued
for competitive external tende r in December 2019 and the reports will be
available to the Board by Q3 2020 .

? The EAC assessed the quality and usefulness of the draft final report of the
Eligibility, Transition and Co - financing Policies evaluation . The committee
had a number of recommendations and requested to review the next draft
before issuing its report.

? The EAC discussed the Gavi evaluation workplan for 202 0 and which
evaluations would come under its review (centrali s ed).

? The EAC Chair informed the Committee that she and the Gavi Secretariat
had met with the Global Fund Technical Evaluation Reference Group C hair
(TERG) and the Global Fund Secretariat and agreed to shar e the findings
of selected evaluations and to invite each other ? s members to be part of
relevant evaluation steering committee s.

? R egard ing Gavi 5.0 , t he EAC suggested areas that should be considered
in the evaluation workplan for Gavi , which will be further discussed with the
Board in spring 2020.

Annexes
Annex A : Current E valuation W orkplan

Annex B : Evaluation Advisory Committee Chair reportSUBJECT : EVALUATION ADVISORY COMMITTEE CHAIR REPORT
Category: For Information Report to the Board
4 - 5 December 2019

1



Board -2019 -Mtg -3-Governance Committee Chair Report

Section A: Introduction
? This report provides the Board with an overview of the activities of the
Governance Committee (GC) since the Board last met in June 2019 .
? The GC met by teleconference on 1 October 2019 and 25 November 2019 .
? In addition to some routine business such as B oar d and Committee
nominations and the recruitment of Unaffiliated Board members, Committee
discussions focussed on work in relation to the Board Chair and Board Vice
Chair recruitment processes , the annual HR report and discussions on the
need for a potentia l governance review .
? A number of Board and Committee nominations submitted to the
Governance Committee at its meeting on 1 October 2019 have already
been circulated to the Board for no objection consent .
? The GC will meet on 3 December 2019 , preceding the Board meeting, and
it is expected that further recommendations will be put forward to the Board
on the consent agenda at its December meeting.
? The GC Chair report is attached in the form of a presentation as Annex A .
Annexes
Annex A : Governan ce Committee Chair report





SUBJECT : GOVERNANCE COMMITTEE CHAIR REPORT
Category: For Information
Report to the Board
4-5 December 2019

1



Board -2019 -Mtg -3-Investment Committee Chair Report


Section A: Introduction
? This report provides the Board with an overview of the activities of the
Investment Committee along with an update on market trends since the
Board last met in June 2019 . The Committee met four times in 2019.
? All performance results presented in Annex A are shown as of 31 October.
The long -term portfolio return is +9.4%. The short -term portfolio over which
the Investments team has control delivered a return of +3.0%. The total
portfolio as at October 2019 is US$ 1.6 billion of which US$ 902 million is
invested in the long -term portfolio. The remaining US$ 669 in the million
short -term portfolio includes US$ 190 million of cash proceeds that will be
invested back into the long -term portfolio. As a reminder, these figures do
not include the UNICEF Proc urement Account or IFFIm assets.
? Overall 2019 returns are positive across all asset classes despite periodic
market fragility related to stalled trade negotiations between the US and
China, the two larges t economies of the world. In addition, an agreemen t
between the European Union and the UK on how Brexit will be implemented
remains unresolved and dependent on the UK December General Election,
leaving trade, border and labour questions unanswered. Also looming in the
background is the US 2020 election, and whether there will be a re -profiling
of national priorities .
? In Q3 the US economy expanded at an annualized rate of 1.9%, solid but
not s pectactular. While the US labour market and consumer spe nding are
strong , weakening business inve stment and trade data , and inflation falling
short of its longer -run goal of 2% led the US Federal Reserve (?Fed?) to pre -
emptively cut rates in July, September and October in order to sustain the
current economic e xpansion , the longest since World War II . For now the
Fed will likely keep it s benchmark short -term interest rate at current levels
until data pointing to a materal weakness of the US economy emerges.
? Since the Great Financial Crisis in 2008 , inflation levels have remained
muted . However , the effect of tariffs will begin to appear in prices of raw
materials such as steel and aluminium as well as finished goods, and raise
inflation levels . Less er known and tracked factors that will also impac t
inflation include climate change measures meant to limit emissions. For
example, in 202 0 the International Maritime Organization (?IMO?) imposes
rules aimed at limiting air pollutant emissions by requiring ships to use more
expensive low -sulfur fue ls su ch as marine gasoil and ultr a-low -sulfer fuel
oil. From an investment perspective, rising inflation levels requiring
SUBJECT : INVESTMENT COMMITTEE CHAIR REPORT
Category: For Information
Report to the Board
4-5 December 2019