Most of development assistance today is delivered through input finance with no guarantee of successful achievement of results. Now imagine that a government could commission for increased employability among a targeted population, narrowed learning gap between boys and girls, more affordable housing in urban settings, or increased connectivity to economic opportunities.
The COVID-19 pandemic has triggered a global humanitarian crisis, putting both lives and livelihoods at risk. In the initial stages of the pandemic – especially in contexts where the state machinery was caught unawares or lacked capacity, or both, social enterprises (SEs) or socially-driven private enterprises – have been particularly active and have stepped up to provide relief.
This video presents three basic elements that distinguish results-based financing from traditional development funding:
1. Service providers of results-based funding projects get paid only if the planned results are achieved
2. Results have been predefined and contractually agreed upon between the parties
This report serves as a tool to project teams working on Results-Based Financing (RBF) projects in the education sector. It provides sector-specific entry points, key questions to consider, and sample objectives and indicators that can be used to consider how RBF can be used to close the gender gap.
GPRBA is actively seeking to ensure that the projects it supports include women as beneficiaries. GPRBA is also undertaking efforts to monitor and evaluate the outcomes to determine how to improve the inclusion of women and girls as project beneficiaries.
From 2010 to 2013, the GPOBA: Vietnam Education Project provided tuition subsidies to more than 8,000 poor students to attend non-public upper secondary schools and professional secondary schools. Using an output-based aid approach, the project linked the payment of a tuition subsidy with student performance.
A new education funding project using social impact bonds (SIBs) seeks to help increase the number of children ages 3-7 enrolled in preschools in disadvantaged urban areas across Uzbekistan. The planned program is made possible through a $4.85 million grant provided by the World Bank’s Global Partnership for Results-Based Approaches (GPRBA).