Innovation in Results-Based Financing: Health, Energy, Water Win Awards

    There is a lot of innovation from the World Bank Group in output-based aid, and the Global Partnership on Output-Based Aid (GPOBA) recently recognized six World Bank Group projects for outstanding innovation, collaboration and inclusion using output-based aid (OBA) or other forms of results-based financing (RBF).

    “We are pushing the edge of the envelope and, as a result, we are seeing a tremendous amount of innovation using OBA and other RBF mechanisms,” said Ede Ijjasz-Vasquez, Senior Director for the Social, Urban, Rural and Resilience Global Practice, who presented GPOBA’s second annual “Inn-OBA-tions” awards on December 3, 2014.  “The nominations and awards come from all corners of the World Bank Group, demonstrating how OBA/RBF connects our global practice to other global practices, sectors and partners.”

    Carmen Nonay, GPOBA’s manager, noted that GPOBA currently works in six of the global practices, and two of the cross-cutting solutions areas.  GPOBA also has extensive experience working with the IFC, with 20 joint projects.

    Read more here...