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World Bank Announces $700M Bond Issuance For GAVI Alliance Immunization Programs

“Millions of children in the world’s poorest countries stand to benefit from a $700 million bond issue, whose proceeds will help fund immunization programs by the GAVI Alliance,” a World Bank press release reports. “The transaction — with buyers on five continents — was by far the largest by the International Finance Facility for Immunization (IFFIm) since its inaugural benchmark in 2006 raised $1 billion,” according to the press release, which notes, “The size and global reach of this new benchmark issuance highlights the impact of IFFIm as a Socially Responsible Investment (SRI), helping protect millions of children from deadly diseases by supporting GAVI’s work in strengthening health systems and purchasing vaccines” (7/2).