Critics have raised concerns that the poorest countries in particular do not have the ability to efficiently spend such large amounts of aid whilst avoiding corruption, and that their economies may not be able to cope with such rapid change either.
Official development assistance donors were committed to reaching the target of 0.7 per cent ODA/GNI and the IFF is a mechanism to accomplish that goal.
[5] IFFIm was initiated to rapidly accelerate the availability and predictability of funds for immunisation,[6] in programmes for over 70 of the poorest countries around the world.
[11] IFFIm was, as of July 2012, backed by the United Kingdom, France, Italy, Spain, the Netherlands, Sweden, Norway, Australia and South Africa.
The report noted that not only do IFFIm-funded investments generate “extremely good returns,” but also that it likely helped GAVI save more than 2.1 million lives.
Dedicated IFFIm funding also played a significant role in combating 600,000 cases of meningitis and maternal and neonatal tetanus.