PAHO Revolving Fund
The Revolving Fund of the Pan American Health Organization (PAHO) is a cooperation mechanism for the joint procurement of vaccines, syringes, and related supplies for participating Member States.
Through the Revolving Fund, for over 30 years participating Member States have ensured a continuous supply of high-quality products for their immunization programs.
Based on the principle of equity, and thanks to economies of scale, all participating Member States have access to the same products, offered through the Revolving Fund at the lowest price, which is a single price independent of the country’s size or economic situation.
All participating Member States contribute 3% of the net purchase price to a common fund that is used entirely as working capital, which offers a line of credit to participating Member States that may need it. This line of credit enables a Member State to pay the Revolving Fund within 60 days of receipt of the products.
Through a multidisciplinary professional team in the areas of immunization, procurement, vaccine quality control, finances, and legal affairs, and pursuant to its Operating Procedures,1 the Revolving Fund handles the planning and consolidation of demand, negotiations with producers, the placement of purchase orders, coordination with suppliers, and the monitoring of shipments, as well as financial aspects involving paying suppliers and billing countries.
The Revolving Fund has been critical to the Region of the Americas becoming a global role model for the success of immunization programs and the introduction of new vaccines, to the benefit of its peoples. For this reason, promoting its achievements and protecting its well-being is in everyone’s interest.
1 Operating Procedures of the Revolving Fund for the Purchase of Vaccines, Syringes, and Other Related Supplies through the Pan American Health Organization. Available in the links below:
Regional Office for the Americas of the World Health Organization