IFFIm's financial base consists of legally binding grants from its sovereign sponsors (initially France, Italy, Norway, Spain, Sweden and the United Kingdom, South Africa joined in March 2007, Brazil is expected to follow suit). By signing the grant agreements, these countries have agreed to pay these obligations in a specified schedule of payments over 20 years.

 

To date, the sponsoring countries have committed to pay the following amounts:

  • United Kingdom has committed a total of £1,380,000,000 over 20 years;
  • France has committed €372,800,000 over 15 years and an additional €867,160,000 over 19 years;
  • Italy has committed a total of €473,450,000 over 20 years;
  • Spain has committed a total of €189,500,000 over 20 years;
  • Sweden has committed a total of SEK 276,150,000 over 15 years;
  • Norway has committed a total of US$27,000,000 over 5 years;
  • South Africa has committed a total of US$20,000,000 over 20 years;
  • Other donors are expected to follow suit. Brazil for example, has announced that it will pay $20 million over 20 years.