The GAVI Alliance, which distributes funds raised by the International Finance Facility for Immunization (IFFIm) has announced that, in its first year, the scheme has resulted in $912.0 million being distributed to developing countries, to provide for the immunization programs or the infrastructure to enable vaccination to go ahead. Julian Lob-Levyt, the GAVI Alliance's executive secretary, said: "IFFIm support has doubled the amount of money GAVI has been able to allocate to its immunization and health system-strengthening programs."
The World Bank manages the IFFIm's finances, funding strategy, and its implementation in the capital markets. Of the $912.0 million being given to countries in 2007:
- $181.0 million is being spent on securing supply of the combination pentavalent vaccine for children against diptheria, pertussis, tetanus, hepatitis B and Haemophilus influenzae type b (Hib), a cause of severe infections including meningitis and pneumonia;
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