Innovative financing models have long been a topic of discussion within the development community as tools to help projects find ways to deliver better results.
But now the payments-by-results, or PBR, approach is also getting attention for its potential to advance the localization agenda — in part because it offers a way for local organizations to become prime contractors, rather than serving as subcontractors on projects led by big international NGOs and international development companies.
There is widespread consensus that local organizations are best placed to deliver the programs needed to tackle global challenges, but oftentimes these groups lack the resources they need to deliver programs at scale.