Innovating foreign aid - progress and problems

TY - JOUR

T1 - Innovating foreign aid - progress and problems

AU - Jones, Edward Samuel

N1 - (Published under middle name: Sam Jones)

PY - 2012/1

Y1 - 2012/1

N2 - This paper assesses two innovative development financing models-specialised global partnership funds (e.g. The Global Fund) and market-based approaches (e.g. GlobalGiving). Via a simple typology of development financing approaches these models are shown to contain distinctive and new elements. They have definite strengths, particularly in raising funds as well as unbundling fundraising from design and implementation. However, these models are not panaceas and replicate many weaknesses of 'traditional' approaches to foreign aid. Donors should carefully consider the merits of supporting new financing structures relative to including innovative design features within existing aid programmes.

AB - This paper assesses two innovative development financing models-specialised global partnership funds (e.g. The Global Fund) and market-based approaches (e.g. GlobalGiving). Via a simple typology of development financing approaches these models are shown to contain distinctive and new elements. They have definite strengths, particularly in raising funds as well as unbundling fundraising from design and implementation. However, these models are not panaceas and replicate many weaknesses of 'traditional' approaches to foreign aid. Donors should carefully consider the merits of supporting new financing structures relative to including innovative design features within existing aid programmes.

KW - foreign aid, vertical funds, innovative aid models

KW - foreign aid

KW - vertical funds

KW - innovative aid models

U2 - 10.1002/jid.1758

DO - 10.1002/jid.1758

M3 - Journal article

SN - 1099-1328

VL - 24

SP - 1

EP - 16

JO - Journal of International Development

JF - Journal of International Development

IS - 1

ER -