Press Release: GPRBA's First Impact Bond Project Will Improve Access to Preschool Education in Uzbekistan
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:
This paper offers an initial framing of the challenge to set the terms of investment and pricing,so that outcome payer organizations can begin to address questions regarding how to approach pricing outcomes in impact bonds. This paper is not intended as a step-by-step “how-to guide”. Each deal is unique and different.
This paper outlines the potential contributions of impact bonds to the World Bank Group’s Maximizing Finance for Development (MFD) approach. The MFD approach is in part a response by the World Bank Group to the 2030 Sustainable Development Agenda.
In 2009, a pilot project was initiated with support from the World Bank's Water and Sanitation Program (WSP). This pilot aimed to leverage private sector resources and help poor households in rural areas access affordable, high-quality sanitation facilities from local businesses.
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.
In partnership with the World Bank and IFC, The Global Partnership on Results-Based Approaches (GPRBA) provided a grant in the amount of $8.3 million, which incentivized local governments to improve both solid
waste services and revenue administration.
GPRBA and the World Bank organized a knowledge sharing event in Addis Ababa, Ethiopia, May 15-17, 2019. We brought together partners, clients and donors to the field in Ethiopia (where PforR projects are prominent) to get their perspective on RBF and see what’s on the pulse of other organizations in terms of RBF.