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The spending review last October, and last month's budget, allowed it to claim it was honouring its pre- and post-election pledges to increase the NHS's resources every year.
Argentina defaulted again last year when a US judge barred it from honouring its restructured debt without reaching a deal with the funds, which the president has denounced as "vultures".
In the true spirit of transparency, this is where, halfway through its funding cycle, GAVI reports back to its donors on the progress it has made in honouring its commitments.
Equally, Pfizer's board set out what it was willing to pay, honouring its commitment to its own shareholders to be "disciplined" on price.
They insist on honouring its place in history and generally show it by refusing to be defeated there.
Age: 46 History: Founded in 1964 as the Arthur D Little School of Management, it was renamed Hult International Business School in 2003, honouring its benefactor Bertil Hult.
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Germany responds by saying it honoured its war obligations and would not be revisiting the controversy.
It has honoured its contractual obligations.
The government, however, said that it would honour its commitments.
The expropriation has frayed relations between Argentina and Spain, which will want a guarantee from Argentina that it will honour its bond.
At the time, Mr Kim assured Japan's visiting prime minister that it would honour its various nuclear agreements.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com