The use of challenge funds to promote economic and social development continues to grow, but has been the subject of relatively little research. This paper develops a definition of what challenge funds are and how they differ from other development funding mechanisms, taking into account their...

The evaluative framework of Sen’s capability approach provides the most robust alternative to utilitarian economics and its income and growth oriented vision of development. However, despite its affirmation of human flourishing as development objective, it does not provide an alternative to...