Outcome-based financing: Difference between revisions
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::(ii) Grants service providers the autonomy to adjust implementation in a quest for greater development impact." | ::(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.'' | :''An introduction to outcome-based financing - GBPRA's Outcomes Fund MDTF.'' | ||
Revision as of 09:19, 14 February 2024
Development - social concerns - Sustainable Development Goals (SDGs) - financing - results-based financing - World Bank.
In the context of international development, outcomes-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
- 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
