GAVI to seek more innovative financing for 2016-2020

GAVI to seek more innovative financing for 2016-2020

As the GAVI Alliance gets ready for its next replenishment conference on Jan. 27, 2015, in Berlin, the organization is already in talks with donors and partners to figure out how to get the $7.5 billion the alliance needs for 2016-2020.

In a video interview with Devex Associate Editor Richard Jones at the 2014 Convergences World Forum in Paris, GAVI CEO Seth Berkley explained that now is a "peak period" in which about 20 countries expected to graduate in the next funding cycle, so even if “needs will go down a little bit,” they still need the money to deliver the most cost-effective interventions to the people who desperately need them in their partner countries.

To raise $7.5 billion — a record amount — in the next pledging conference, Berkley said the the alliance plans to tap into innovative finance tools, like crowdfunding.

Click on the above clip to learn more from the GAVI chief on what we can expect from the organization on programming and partnerships, with the overall goal of reaching the most remote and vulnerable populations that need vaccines.

Did you miss the 2014 #Convergences World Forum? We have a full recap from #Paris.

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    Carlos Santamaria

    As associate editor for breaking news, Carlos Santamaria supervises Devex's Manila-based news team and the creation of our daily newsletter. Carlos joined Devex after a decade working for international wire services Reuters, AP, Xinhua, EFE and Philippine social news network Rappler in Madrid, Beijing, Manila, New York and Bangkok. During that time, he also covered natural disasters on the ground in Myanmar and Japan.