This document summarizes a presentation on impact investment and public-private partnerships to fund global health initiatives like vaccination programs. It discusses Daiwa Securities' role in issuing impact investment bonds to fund the GAVI Alliance and the International Finance Facility for Immunisation (IFFIm). Between 2008-2013, Daiwa Securities issued ¥450.2 billion in such bonds in Japan, with over ¥124.7 billion going towards vaccination programs. The bonds have helped fund immunization for 370 million additional children worldwide and averted over 5.5 million future deaths.

1. Peace Arch Hiroshima
The World Business Council for World Peace
Seminar on Global Health
Leveraging Financial Capabilities
towards a Sustainable Society
30 July 2013
IWAI Toru
Daiwa Securities Co. Ltd.

2. Impact Investment Initiative
▼Impact Investment Bonds
▼Uridashi in Japan
Total 697.2(billion yen)
▼Daiwa Securities
Total 450.2
Education,11.8
Foods, 28.6
Vaccine,
124.7
Others
35%
Period ：
Mar. 2008
to
Mar.2013
Daiwa
65%
Source ：
Daiwa Securities
Fixed Income Sales Dept.
Poverty,
129.3
Climate
Change,
155.9
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3. Public Private Partnership
▼Innovative Financing for Vaccine Immunisation
*
**
“The GAVI model” has
contributed to the
immunisation of 370m
additional children,
averting over 5.5m
future deaths.
Source ：IFFIm Website
* The International Finance Facility for Immunisation * * The Global Alliance for Vaccines and Immunization
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4. Frontloading Future Donations
▼ IFFIm funding is utilized to reduce the number of
vaccine-preventable deaths through GAVI programmes.
▼ IFFIm issues Vaccine Bonds based on long-term
donor pledges.
Source: World Bank, March 2013
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5. Mobilizing for Impact Investment
▼Household Financial Assets
Japan
United Kingdom
4%
7%
Mutual
7%
funds
Shares
Insurance
&
Pension
27%
3% 3%
11%
France
9%
6%
Others
29%
29%
Germany
Currency
and
deposits
20%
United States
1%
3%
17%
18%
16%
Mutual
funds
Currency
&
deposits
38%
55%
54%
8%
Insurance
&
Pension
40%
Shares
30%
34%
32%
Deep pocket is seeking decent returns
Currency and deposits
Life insurance and pension fund reserves
Shares and other equity
Mutual funds and securitis other than shares
Others
Billions of dollars, as of the end of 2009
Japan*
(%)
Total Financial Assets
Currency and deposits
Life insurance and pension fund reserves
Shares and other equity
Mutual funds and securitis other than shares
Others
Total Financial Liabilities
Net Financial Assets
15,638
8,592
4,228
1,104
1,047
668
4,085
11,553
100.0
54.9
27.0
7.1
6.7
4.3
26.1
73.9
United Kingdom*
(%)
6,709
1,913
3,615
744
218
218
2,474
4,235
100.0
28.5
53.9
11.1
3.3
3.3
36.9
63.1
Germany*
(%)
6,688
2,560
2,241
523
1,315
49
2,193
4,495
100.0
38.3
33.5
7.8
19.7
0.7
32.8
67.2
France*
(%)
5,388
1,553
2,126
879
504
327
1,864
3,524
100.0
28.8
39.5
16.3
9.4
6.1
34.6
65.4
United States
(%)
44,510
7,756
13,191
13,972
8,135
1,457
14,068
30,442
100.0
17.4
29.6
31.4
18.3
3.3
31.6
68.4
* converted into US dollars based on the year-end exchange rates of GBPUSD=1.62, EURUSD=1.43, USDJPY=92.90
Primary sources: Japan: Bank of Japan, Flow of Funds Accounts , June 17, 2010
United Kingdom: Office for National Statistics, Financial Statistics No 580, August 2010 Germany: Deutsche Bundesbank, Financial Accounts for
Germany 1991 to 2009.
France: Banque de France, Financial Accounts and Financial Balance Sheets, June1, 2010. United States: Federal Reserve Statistical Release, Flow of Funds Accounts, June10, 2010.
Primary sources: Japan: Bank of Japan, Flow of Funds Accounts , June 17, 2010
United Kingdom: Office for National Statistics, Financial Statistics No 580, August 2010 Germany: Deutsche Bundesbank, Financial Accounts for
Germany 1991 to 2009.
France: Banque de France, Financial Accounts and Financial Balance Sheets, June1, 2010. United States: Federal Reserve Statistical Release, Flow of Funds Accounts, June10, 2010.
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6. APENDIX: GAVI & Vaccine Bond Impact
▼US$ 4.4 billion: GAVI dispersed from 2000 to Dec. 2012 (73 countries）
▼US$ 3.8 billion: IFFIm raised from 2006 to March 2013
▼US$ 1.9 billion: raised in Japan from 2008 to March 2013
▼US$ 1.3 billion: raised through Daiwa Securities to March 2013
▼ 60% of 73 countries approved for support are African countries
▼“The GAVI model” has
contributed to the
immunisation of
370m additional children,
averting over
5.5m future deaths.
▼Daiwa Securities has
contributed to funding
1/3 of IFFIm Vaccine Bonds
* The Global Alliance for Vaccines and Immunization
・・・ワクチンと予防接種のための世界同盟
** The International Finance Facility for Immunisation
・・・予防接種の為の国際金融ファシリティ
Source ：GAVI Website
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7. APENDIX: Forum & Daiwa Internet TV
ダイワインターネットＴＶ ワクチン債
検索
ダイワインターネットＴＶ セミナー/講演会
検索
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