ChinaTalk Moneyball for Foreign Aid
Jul 7, 2023
Walter Kerr and Amanda Arch, co-founders of UnlockAid, dive into the complex world of foreign aid. They discuss how a handful of large organizations dominate funding, often sidelining innovative local solutions. The duo emphasizes the need for transparency and reformed distribution models to empower smaller stakeholders. They also explore how technology, like AI, could enhance aid efficiency and tackle the challenges posed by restrictive data access. Their mission seeks to revolutionize foreign aid for better global outcomes.
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Local Organizations Miss Out
- Too much US foreign aid flows through large US-based contractors.
- This prevents local organizations, often better equipped to address the problems, from accessing funds.
Diversification Over Scale
- Scaling solutions isn't inherently bad, but over-consolidation is.
- Diversifying partners and allowing new players access is crucial for better impact.
Outcome-Based Aid
- Prioritize funding proven, cost-effective solutions.
- Pay for outcomes instead of programs to incentivize results and innovation.