New Perspectives on Results-Based Blended Finance for Cities: Innovative Finance Solutions for Climate-Smart Infrastructure
This report offers innovative ideas for cities and development partners to use their limited public funds and direct policy decisions to leverage private sector investments.
Future growth and climate-resilient development requires action at the city level. It also requires new ways for financing infrastructure in less-developed urban communities.
This World Bank-supported and multilateral donor funded unit is now the Global Partnership for Results-based Approaches. After 15 years of development experience using results-based financing, this name change reflects a wider emphasis beyond the original focus on output-based aid.
The use of results-based financing (RBF) approaches has been growing among the development community. The Global Partnership on Results-based Approaches (GPRBA) has been at the forefront of supporting and using RBF mechanisms since 2003, when the program started promoting output-based aid (OBA) through the Global Partnership on Out-Based Aid (GPOBA).
The map below demonstrates the climate-smart energy pilots supported by GPRBA, along with the estimated number of beneficiaries.
(Click on the link below the map for full resolution version, and adjust size via your browser)
Results-based financing is a well-established financing modality in the health and education sectors but it is still in an early stage of deployment in the area of climate change.
"The Application of Results-Based Financing for Urban Transport” webinar focus on urban transport systems, which are crucial for connecting poor populations to jobs, education and health services. As the developing world rapidly urbanizes, there is an opportunity to build safer, cleaner and more inclusive transport systems.
Social Impact Bonds: Addressing Gaps to Solving Social Issues”, the first webinar in the series, will explore the financial instrument as a potential model that addresses weaknesses of traditional approaches in solving social issues, and some examples from implementation. As a RBF instrument, impact bonds tie financial returns and payments to social outcomes.
Webinar: Achieving Transformational Change in Climate Change Mitigation Through Results-Based Financing
Achieving transformational change in climate change mitigation and adaptation requires a combination of enhanced international cooperation and trillions of “climate-smart” private investments, which in many cases will need to be channeled through blended public and multilateral financing schemes.