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How Could the Global Fund Get More Health for Its Money? Lessons from the Economics of Contract Theory

Our recent report on next generation financing models looks at how global health donors, specifically the Global Fund to Fight AIDS, Tuberculosis and Malaria, can enhance the health impact of grants by tying grant payments to achieved and verified results. Yet there are several ways to condition payments on performance, and some ways would likely work better than others.  Can economic theory suggest specific features of contract designs which would generate more health for the money?