Introduced in Bolivia a little over a decade ago, social funds have become a key community-led poverty reduction tool. A departure from traditional government-sponsored approaches, social funds encourage communities and local institutions to take the lead in identifying and carrying out small-scale investments, generally in social infrastructure such as schools, health clinics, and small-scale water supply and sanitation. The social fund model has proved to be a dynamic, replicable approach, easily adapted and scaled up in diverse countries around the world. In Latin America, Africa, the...