The Missing Link? An Independent Fiduciary to Enable Paying Outcomes in Development Projects

“In the world of foreign aid flows, the idea of paying for outcomes rather than inputs has a long history. Yet despite regular proclamations of interest in such approaches, the share of funding that is linked to outputs or outcomes instead of activities and processes remains quite small,” writes the Center for Global Development’s William Savedoff, who has worked on development impact bonds for CGD.  However, he has drawn attention to a recent position paper by Gugelev and associates on “creating a new fiduciary which can both credibly commit to paying for outcomes without micromanaging projects and provide credible proof to funders that outcomes have been achieved while appropriately managing risks.”  To read Savedoff’s post, with its link to the original paper, click here