Smart financing definition
Smart financing means that the interventions that are proven to be the best value for money are financed and delivered efficiently, with a focus on results. This requires not only identifying the best buy interventions, but also the best ways of delivering these interventions with quality. This is more effective than an approach where a range of interventions are “sprinkled”, with each receiving limited financing in the face of overall gaps. Strategic and operational plans developed as part of the country process often lack prioritization and the conversion to an actual investment plan. In order to mobilize increased domestic and external funding, the returns on investment should be made explicit, particularly to facilitate conversations with Finance Ministries. Careful consideration of ways to reduce inequalities in access to and payment for needed services amongst the poorest should be a key priority.