Outcome-based financing: Difference between revisions
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''Development - social concerns - Sustainable Development Goals (SDGs) - financing - results-based financing - World Bank.'' | ''Development - social concerns - Sustainable Development Goals (SDGs) - financing - results-based financing - World Bank.'' | ||
In the context of international development, | In the context of international development, outcome-based financing ties the funding to achieving measures closely related to the ultimate development objective. | ||
:<span style="color:#4B0082">'''''Greater impact for beneficiaries and lower costs for funders'''''</span> | :<span style="color:#4B0082">'''''Greater impact for beneficiaries and lower costs for funders'''''</span> | ||
:"In contrast to traditional contracting or budgeting approaches, outcome-based | :"In contrast to traditional contracting or budgeting approaches, outcome-based financing excels at driving innovation that leads to greater impact for beneficiaries and lower costs for funders. | ||
financing excels at driving innovation that leads to greater impact for beneficiaries | |||
and lower costs for funders. | |||
:By tying funding to outcomes, outcome-based financing: | :By tying funding to outcomes, outcome-based financing: | ||
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::(i) Creates strong incentives for service providers to achieve results, and | ::(i) Creates strong incentives for service providers to achieve results, and | ||
::(ii) Grants service providers the autonomy to adjust implementation in a quest for greater | ::(ii) Grants service providers the autonomy to adjust implementation in a quest for greater development impact." | ||
development impact." | |||
:''An introduction to outcome-based financing - GBPRA's Outcomes Fund MDTF.'' | :''An introduction to outcome-based financing - GBPRA's Outcomes Fund MDTF.'' | ||
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*[[Development impact bond]] (DIB) | *[[Development impact bond]] (DIB) | ||
*[[Foundation]] | *[[Foundation]] | ||
*[[Fund]] | |||
*[[Funding]] | *[[Funding]] | ||
*[[Government Outcomes Lab]] (GO Lab) | *[[Government Outcomes Lab]] (GO Lab) | ||
*[[Global Partnership for Results-Based Approaches]] (GBPRA) | *[[Global Partnership for Results-Based Approaches]] (GBPRA) | ||
*[[Impact]] | *[[Impact]] | ||
*[[ | *[[Multi-donor trust fund]] (MDTF) | ||
*[[NGO]] | *[[NGO]] | ||
*[[Nonprofit]] | *[[Nonprofit]] | ||
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*[[Results-based financing]] (RBF) | *[[Results-based financing]] (RBF) | ||
*[[Social concerns]] | *[[Social concerns]] | ||
*[[Sustainable Development | *[[Sustainable Development Goals]] (SDGs) | ||
*[[Welfare]] | *[[Welfare]] | ||
*[[World Bank]] | *[[World Bank]] | ||
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==Other resource== | ==Other resource== | ||
[https://www.gprba.org/sites/default/files/publication/downloads/2020-11/GPRBA_Outcomes_Fund-Brochure-Final%5B19562%5D.pdf An introduction to outcome-based financing - GBPRA's Outcomes Fund MDTF] | [https://www.gprba.org/sites/default/files/publication/downloads/2020-11/GPRBA_Outcomes_Fund-Brochure-Final%5B19562%5D.pdf An introduction to outcome-based financing - GBPRA's Outcomes Fund MDTF] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Latest revision as of 11:50, 15 February 2024
Development - social concerns - Sustainable Development Goals (SDGs) - financing - results-based financing - World Bank.
In the context of international development, outcome-based financing ties the funding to achieving measures closely related to the ultimate development objective.
- Greater impact for beneficiaries and lower costs for funders
- "In contrast to traditional contracting or budgeting approaches, outcome-based financing excels at driving innovation that leads to greater impact for beneficiaries and lower costs for funders.
- By tying funding to outcomes, outcome-based financing:
- (i) Creates strong incentives for service providers to achieve results, and
- (ii) Grants service providers the autonomy to adjust implementation in a quest for greater development impact."
- An introduction to outcome-based financing - GBPRA's Outcomes Fund MDTF.
See also
- Beneficiary
- Budget
- Contract
- Developing country
- Development
- Development impact bond (DIB)
- Foundation
- Fund
- Funding
- Government Outcomes Lab (GO Lab)
- Global Partnership for Results-Based Approaches (GBPRA)
- Impact
- Multi-donor trust fund (MDTF)
- NGO
- Nonprofit
- Outcome bond
- Outcomes Fund
- Results-based financing (RBF)
- Social concerns
- Sustainable Development Goals (SDGs)
- Welfare
- World Bank
Other resource
An introduction to outcome-based financing - GBPRA's Outcomes Fund MDTF
