Abstract:
David Gartner , Professor of Law at Arizona State University, Sandra Day O’Connor College of Law.
Abstract: The growth of innovative financing for development over the last
decade has demonstrated the enormous potential of new mechanisms for generating
resources beyond traditional official development assistance. In the global health sector,
diverse innovative finance institutions provide a window into the relative merits of
approaches that rely on taxation, bonds, and advanced contract arrangements. The
experience of IFFIm, UNITAID, and the AMC offer broader insights into the importance
of sustainability and participation in ensuring the success of innovative finance
mechanisms, as well as the potential for innovative financing to contribute to realizing
the Sustainable Development Goals. The most successful of these innovative
mechanisms are generally the most automatic in terms of financing and the most
participatory in terms of governance. More participatory approaches to designing and
governing innovative financing seem to foster better outcomes in terms of the ultimate
market impact of these financing mechanisms.
Description:
Washington International Law Journal, Volume 24, Number 3, June 2015
