"The purpose of this note is to encourage the Swedish embassies and different departments in Sida to understand and consider the use of challenge funds (CF) as a method to achieve development results.
The note gives examples of different kinds of CFs, provides lessons learned from early and on-going projects, discusses some principles which are essential in setting up and managing such funds and provides practical guidelines for establishing CFs. Even if this note is focusing on challenge funds set up by donors, this could be a financing mechanism for any organization willing to solve a specific problem with innovative solutions."
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