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Results-based financing in education : financing results to strengthen systems (English)

Result-based financing (RBF) captures the essence of how the World Bank Group (WBG) is implementing its education strategy, Learning for All. The strategy emphasizes learning (rather than just schooling), since that is what leads to economic growth, development, and poverty reduction. Second, the strategy calls for investing For all so as to ensure the equity dimension behind the Sustainable Development Goals (SDGs) and the Bank’s Twin Goals of reducing poverty and boosting shared prosperity. These goals can be achieved through strengthening education systems. This paper largely focuses on how finance, and RBF specifically, can be used as a lever to pull education systems into coherence. RBF encompasses all of the four transformations called for: performance, innovation, inclusion, and finance. Specifically, putting results first (performance), and embracing results-based approaches to finance (finance) is at the heart of the WBG approach. The approach also offers a new way of approaching problems (innovation), and incentivizing results allows for differentiating levels of rewards, in order to favor traditionally disadvantaged groups, such as rural girls or children living with disabilities (inclusion).

Details

  • Author

    Holland,Peter Anthony, Lee,Ling Jessica Diana

  • Document Date

    2017/03/01

  • Document Type

    Working Paper

  • Report Number

    113265

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region,

  • Disclosure Date

    2017/03/08

  • Disclosure Status

    Disclosed

  • Doc Name

    Results-based financing in education : financing results to strengthen systems

  • Keywords

    Primary and Secondary Education;public financial management reform;maternal and child health;monitoring and evaluation system;ministries of finance;theory of change;education systems;ministries of education;frequently asked question;education sector reform;Early Childhood Development;teacher training program;disbursement of fund;minority of teacher;human development outcome;high quality teacher;failure of governance;division of labor;children fully immunized;millennium development goal;accountability in education;accountability for results;social protection system;efficiency of expenditure;transfer of school;secondary school teacher;local community representatives;principal-agent model;civil society actor;source of financing;early childhood care;comments and feedback;quality of education;Access to Education;Investment Project Financing;child health indicator;Equity of Education;gross domestic product;Learning for All;children and youth;Service Delivery Indicators;Student Assessment;rural girl;binding constraint;traditional financing;financing instrument;development partner;public education;public resource;low education;accountability relationship;management authority;school readiness;political will;fiscal pressure;school grant;early grade;quality education;multiple actor;Political Economy;financing pattern;school reform;inadequate transparency;budgetary allocation;education strategy;performance incentive;government spending;pilot program;external partner;budget allocation;incentive mechanism;school year;education service;Education Services;fiscal gap;knowledge activity;attending school;national strategic;policy question;Private School;Budget Management;accurate information;funding resource;financial service;common use;red tape;extreme poverty;Fiscal Sustainability;future study;budget support;financial reward;national budget;school inspection;financial architecture;education outcome;systems approach;technical expertise;incentive structure;feedback mechanism;student learning;finance student;quality service;educational equity;client ownership;girls' education;education goal;financial resource;international aid;infrastructure needs;average attendance;financing method;children's development;care facility;future need;international community;transfer ownership;learning opportunity;global effort;Ethnic Minorities;Rural Poor;rising demand;basic skill;Education Financing;learning level;intermediate outcome;enrollment rate;Antenatal Care;equity dimension;policy work;verification procedures;limited capacity;Country Systems;cash management;bank reconciliation;education delivery;Linked to Disbursement;accountability mechanism;aid approach;legislative action;diverse stakeholder;mutual accountability;daily operation;qualified teacher;potential candidate;entrance exam;expenditure account;qualified candidates;scarce resource;mathematics teacher;education portfolio;pass rate;school data;infrastructure operation;tuition fee;international financing;

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Citation

Holland,Peter Anthony Lee,Ling Jessica Diana

Results-based financing in education : financing results to strengthen systems (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/715791489054110215/Results-based-financing-in-education-financing-results-to-strengthen-systems