The Rationale for Innovative Financing Instruments Sample Clauses

The Rationale for Innovative Financing Instruments. The global health and international development fields increasingly regard innovative financing mechanisms (IFM) and innovative financing instruments (IFI) as viable tools to increase overall or domestic funding. As traditional DAH stagnates, innovative financing aims to introduce new funding sources and models to ideally complement traditional mechanisms, sometimes with a greater emphasis on outcomes and results rather than inputs and activities (de Ferranti, Griffin, Escobar, Glassman, & Xxxxxxxxxxx, 2008). The NTD community has also expressed interest in the potential of IFIs to increase domestic NTD funding, as seen in many key reports that explicitly discuss IFIs as new funding options (WHO, 2015b, 2017b, 2018; Yamey, Batson, Kilmarx, & Xxxxxxxxx, 2018). While these discussions do not prescribe an ideal or specific format, they evoke innovative financing language and frequently mention social impact bonds (SIBs) and development impact bonds (DIBs) as interesting concepts and instruments (WHO, 2015b, 2017b).
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