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Rethinking Development Finance

Stephen Hammer on the World Bank’s outcome bond with UNICEF and the potential to scale innovative financing across the UN system.

In this interview for the Global Governance Innovation Platform (GGI), Stephen Hammer offers insights into innovative approaches to development finance, drawing on the World Bank’s outcome bond with UNICEF. He explains how the partnership leverages the Bank’s ability to raise funds on capital markets to help UNICEF scale its financing, and considers the potential for similar models to support other UN agencies and development priorities.