Try to imagine a well-functioning economy without having secure land tenure and property rights established. Would investors and service providers enter such a risky environment? Would banks be wary of offering and lending? Could conventional commerce or business transactions even operate optimally?
This illustrates the key features of GPRBA's role in the West Bank & Gaza Real Estate Registration Project, the first test case in applying results-based financing in the land sector.
Ramallah, November 6th. The World Bank, acting as administrator for the Global Partnership for Results-Based Approaches (GPRBA), signed a Grant Agreement on November 6th for US$4.6 million with the Palestinian National Authority to improve access to registered land and property-related services.
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.
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.
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.
Given the significant financing gap to meet the needs of developing countries and achieve the United Nations’ Sustainable Development Goals, governments, multilaterals and other development partners are increasingly looking to the private sector to help fill this gap.
Indonesia: New World Bank Loan is an Opportunity to Apply Output-Based Aid Principles on a Larger Scale
The aim of the project is to increase the accountability of local governments in their use of Specific Purpose Grants, known as DAK, from the national budget. These grants will give participating local governments in regions with limited fiscal capacity an incentive to invest in infrastructure for basic services such as roads, water, sanitation, and irrigation.