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Performance-based development funding using market mechanisms: A public-private partnership social financing model for medical equipment technology in developing countries

Title
Performance-based development funding using market mechanisms: A public-private partnership social financing model for medical equipment technology in developing countries
Authors
Kim, Jasper
Ewha Authors
Jasper S. Kim
SCOPUS Author ID
Jasper S. Kimscopus
Issue Date
2015
Journal Title
PROGRESS IN DEVELOPMENT STUDIES
ISSN
1464-9934JCR Link1477-027XJCR Link
Citation
vol. 15, no. 3, pp. 257 - 269
Keywords
performance-based assistancemarket mechanismspublic-private social financing modelmedical equipment technologydeveloping countriesofficial development assistance
Publisher
SAGE PUBLICATIONS INC
Indexed
SSCI; SCOPUS WOS scopus
Abstract
This article analyzes the viability of utilizing a new performance-based development financing model related to funding medical equipment technology (MET) transfers to developing countries. In such an innovative model utilizing market-based incentives and public-private partnerships (PPPs or P3), social bond investors fund MET by receiving a social development bond' in exchange for a predetermined and agreed-upon amount of principal and interest to be paid only if the related MET project is deemed to satisfy certain predetermined, agreed-upon success metrics (as determined by a third party). Thus, the public sector only funds MET projects that are deemed successful based on the agreed success metric by all related stakeholders, with the MET transfer project being funded no matter what the circumstance. This performance-based model can complement existing funding models, which improves the transparency, coordination and efficacy of such MET development assistance projects in developing countries.
DOI
10.1177/1464993415578982
Appears in Collections:
국제대학원 > 국제학과 > Journal papers
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