TUESDAY, SEPTEMBER 27, 2016

Global Fund adopts Results-Based Financing

The Global Fund announced on Wednesday that it has embraced a new method for financing initiatives to decrease malaria, tuberculosis and HIV/AIDS in women and children called Results-Based Financing for Health.

A results-based approach pays health service providers or recipients only after a certain result, which is agreed upon beforehand, has been achieved and verified independently. The approach changes the focus of health initiatives from input-focused to results-focused.

"This approach to delivering aid aims to ensure every penny we spend on life-saving health program produces real results," United Kingdom International Development Minister Lynne Featherstone said. "It is good for donors, good for taxpayers and, most importantly, good for the millions of people across the developing world who desperately need access to better healthcare."

The program was rolled out in 2007 and tested for health initiatives focused on newborn health and decreasing maternal mortality. International leaders met on Wednesday to discuss the logistics of using the same method to help fight malaria, tuberculosis and HIV/AIDS.

"We studied the RBF results very carefully," Executive Director of the Global Fund Mark Dybul said. "Clearly, if it worked for maternal and newborn health, it should work for AIDS, tuberculosis, and malaria."

The Global Fund recently joined the RBF partnership and hopes to use the method to enhance the results of its health initiatives by becoming results-focused.

"When we invest in the areas of greatest need - the most disadvantaged communities - we achieve the greatest results," Executive Director of UNICEF Anthony Lake said. "Results-based financing can help us make better and smarter investments there. This is good for the most marginalized populations and it's good for investors - all those who are putting their hard-earned resources into helping others."