Dar es Salaam, September 24, 2019. About 165 rural Tanzanian villages in nine regions* will have access to a sustainable water supply through improved solar pumping systems.
Summary: This objective of this project, GPRBA's first impact bond, is to increase access to quality early childhood education services by incentivizing private sector service provision in the country's urban areas. The Government of Uzbekistan will pay for the achievement of the following outcomes:
LUSAKA, June 11, 2019. The World Bank, acting as administrator for the Global Partnership for Results-Based Approaches (GPRBA), signed a Grant Agreement on May 1, 2019 for US$3 million with Zambia’s Ministry of Finance to extend electricity to rural areas.
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.
Over 75 bilateral cooperation agencies, multilateral development institutions, and private foundations participated in third annual Impact Bonds Working Group (IBWG) held in Washington, DC at the World Bank (February 26-27) and co-organized by GPRBA.
Imagine if you could bring private sector resources and skills to social projects. Impact Bonds (IBs) are an innovative Results-Based Financing (RBF) mechanism that tie financial returns and payments to specific results incentivizing investors and service providers.
GPOBA is now GPRBA!
Worldwide, millions of people live without basic services, including reliable electricity, functioning toilets and regular waste removal services. As a result, income inequality persists and progress toward the Sustainable Development Goals (SDGs) stalls.