IFFIm governance

The GAVI Secretariat provides support to two independent boards of directors: the IFFIm Board and the GAVI Fund Affiliate Board, which act on behalf of the two entities created to make IFFIm operational. The IFFIm Board is responsible for the management of the International Finance Facility for Immunisation Company (IFFIm), registered as a UK Charity with number 1115413.

Current IFFIm Board membership

 

Alan R. Gillespie, CBE (Chair)
Michèle Boccoz
John Cummins
Dayanath Chandrajith Jayasuriya
Arunma Oteh
Nigeria
Member since January 2006
Ms Arunma Oteh is Vice President, Corporate Services at the African Development Bank Group. Prior to this posting, she served as Group Treasurer and Director, Treasury Department, African Development Bank Group, a position she held from April 2001. As Treasurer she oversees the activities of the Treasury Department, including managing a US$ 8.5 billion liability portfolio, a US$7.5 billion swap portfolio, and a multi-currency fixed income asset portfolios totaling US$10.7 billion for the Bank Group. She is also responsible for providing financial technical support in the origination of transactions and development of financial products for the Group’s clients. Ms Oteh joined the ADB in 1992 as a Senior Financial Analyst originating project and corporate finance transactions in North and West Africa. She held several positions until her appointment as Group Treasurer. Prior to joining the African Development Bank she worked in corporate finance, consulting, teaching and research for a number of institutions including Harvard Institute for International Development, USA and Centre Point Investments Limited, Nigeria. She holds a Masters in Business Administration from Harvard Business School, and a first class honours degree in Computer Science, from University of Nigeria, Nsukka, Nigeria. She is the co-editor of the book, 'African Voices African Visions'.

Functions of the IFFIm Board

The IFFIm Board:

• Reviews and approves requests for funding from IFFIm, submitted by the GAVI Fund Affiliate Board, taking the following factors into consideration:
  • that the request is materially complete, and is in accordance with the GAVI strategic objectives and programme principles;
  • the ability of IFFIm to raise funds necessary to meet the request, given market conditions and other factors;
  • the funding, liquidity and other operating strategies approved by the IFFIm Board following consultation with the Treasury Manager;
  • any additional requirements specified in the various documentation to which IFFIm is a party.

IFFIm Board meetings

In principle, the IFFIm Board intends to meet in person on a quarterly basis, and by telephone, as needed. Meeting agendas are prepared by the Board Chair, through consultation with the Treasury Manager, IFFIm’s legal counsel, and other advisers.