Independent Verification in Results-Based Financing
With pressure for greater accountability and value for money in public budgets, widening the use of results-based financing (RBF) and setting up adequate independent mechanisms to verify results is becoming increasingly important. In January 2012,...
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| Format: | Brief |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2012/05/16742432/independent-verification-results-based-financing http://hdl.handle.net/10986/16175 |
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okr-10986-161752021-04-23T14:03:27Z Independent Verification in Results-Based Financing Loening, Esther Tineo, Luis ACCESS TO SERVICES ACCOUNTABILITY ACCOUNTING ANTI-CORRUPTION AUDITORS AUDITS BASIC SERVICES BIDDING BUSINESS RELATIONSHIP CAPABILITIES CENTRAL GOVERNMENT CIVIL SOCIETY COLLUSION COMMUNITIES CONFIDENCE CONFLICT OF INTEREST CONTRACT AWARD CONTROL SYSTEMS CUSTOMER SATISFACTION DEVELOPING COUNTRIES DEVELOPING COUNTRY ELECTRICITY END USERS EQUIPMENT GEOGRAPHIC DISTRIBUTION GOVERNMENT ENTITY HOUSEHOLDS IMPLEMENTING AGENCIES IMPLEMENTING AGENCY INNOVATIONS INNOVATIVE FINANCING INSPECTION INSPECTIONS INSTALLATION INTERNAL CONTROL INTERNAL CONTROLS LICENSE MANAGEMENT SYSTEM MATERIAL MOBILE PHONE OPERATING ENVIRONMENT OUTPUT OUTPUTS OUTSOURCING PERFORMANCE OF SERVICE PROVIDERS PHONE PHONES PROTOCOL PROTOCOLS PROVISION OF WATER QUALITY OF WATER REGULATOR REGULATORY AUTHORITY REGULATORY BODIES RELIABILITY REPUTATION RESULT RESULTS RURAL WATER RURAL WATER SUPPLY SERVICE DELIVERY SERVICE PROVIDER SERVICE PROVIDERS SERVICE PROVISION STATE GOVERNMENT TELECOM TELECOMMUNICATIONS THIRD-PARTY ENTITIES TRAFFIC TRANSPARENCY UNIVERSAL ACCESS URBAN AREAS USERS VERIFICATION VERIFICATIONS WATER PROJECTS WATER SCARCITY WATER SERVICES WATER SUPPLY WATERSHEDS With pressure for greater accountability and value for money in public budgets, widening the use of results-based financing (RBF) and setting up adequate independent mechanisms to verify results is becoming increasingly important. In January 2012, the World Bank launched the Program-for-Results (PforR), an innovative financing instrument that disburses funds upon delivery of verified results in developing country programs. Until now, the use of independent verification has been limited to output-based aid (OBA), which is one of the RBF modalities; however, there is potential for more widespread use of independent verification. This note highlights lessons from projects funded by the Global Partnership on Output-Based Aid (GPOBA) and the World Bank, and discusses elements that can best ensure the independence and effectiveness of a verification system. 2013-10-16T15:38:04Z 2013-10-16T15:38:04Z 2012-05 http://documents.worldbank.org/curated/en/2012/05/16742432/independent-verification-results-based-financing http://hdl.handle.net/10986/16175 English en_US OBApproaches;No. 43 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO SERVICES ACCOUNTABILITY ACCOUNTING ANTI-CORRUPTION AUDITORS AUDITS BASIC SERVICES BIDDING BUSINESS RELATIONSHIP CAPABILITIES CENTRAL GOVERNMENT CIVIL SOCIETY COLLUSION COMMUNITIES CONFIDENCE CONFLICT OF INTEREST CONTRACT AWARD CONTROL SYSTEMS CUSTOMER SATISFACTION DEVELOPING COUNTRIES DEVELOPING COUNTRY ELECTRICITY END USERS EQUIPMENT GEOGRAPHIC DISTRIBUTION GOVERNMENT ENTITY HOUSEHOLDS IMPLEMENTING AGENCIES IMPLEMENTING AGENCY INNOVATIONS INNOVATIVE FINANCING INSPECTION INSPECTIONS INSTALLATION INTERNAL CONTROL INTERNAL CONTROLS LICENSE MANAGEMENT SYSTEM MATERIAL MOBILE PHONE OPERATING ENVIRONMENT OUTPUT OUTPUTS OUTSOURCING PERFORMANCE OF SERVICE PROVIDERS PHONE PHONES PROTOCOL PROTOCOLS PROVISION OF WATER QUALITY OF WATER REGULATOR REGULATORY AUTHORITY REGULATORY BODIES RELIABILITY REPUTATION RESULT RESULTS RURAL WATER RURAL WATER SUPPLY SERVICE DELIVERY SERVICE PROVIDER SERVICE PROVIDERS SERVICE PROVISION STATE GOVERNMENT TELECOM TELECOMMUNICATIONS THIRD-PARTY ENTITIES TRAFFIC TRANSPARENCY UNIVERSAL ACCESS URBAN AREAS USERS VERIFICATION VERIFICATIONS WATER PROJECTS WATER SCARCITY WATER SERVICES WATER SUPPLY WATERSHEDS |
| spellingShingle |
ACCESS TO SERVICES ACCOUNTABILITY ACCOUNTING ANTI-CORRUPTION AUDITORS AUDITS BASIC SERVICES BIDDING BUSINESS RELATIONSHIP CAPABILITIES CENTRAL GOVERNMENT CIVIL SOCIETY COLLUSION COMMUNITIES CONFIDENCE CONFLICT OF INTEREST CONTRACT AWARD CONTROL SYSTEMS CUSTOMER SATISFACTION DEVELOPING COUNTRIES DEVELOPING COUNTRY ELECTRICITY END USERS EQUIPMENT GEOGRAPHIC DISTRIBUTION GOVERNMENT ENTITY HOUSEHOLDS IMPLEMENTING AGENCIES IMPLEMENTING AGENCY INNOVATIONS INNOVATIVE FINANCING INSPECTION INSPECTIONS INSTALLATION INTERNAL CONTROL INTERNAL CONTROLS LICENSE MANAGEMENT SYSTEM MATERIAL MOBILE PHONE OPERATING ENVIRONMENT OUTPUT OUTPUTS OUTSOURCING PERFORMANCE OF SERVICE PROVIDERS PHONE PHONES PROTOCOL PROTOCOLS PROVISION OF WATER QUALITY OF WATER REGULATOR REGULATORY AUTHORITY REGULATORY BODIES RELIABILITY REPUTATION RESULT RESULTS RURAL WATER RURAL WATER SUPPLY SERVICE DELIVERY SERVICE PROVIDER SERVICE PROVIDERS SERVICE PROVISION STATE GOVERNMENT TELECOM TELECOMMUNICATIONS THIRD-PARTY ENTITIES TRAFFIC TRANSPARENCY UNIVERSAL ACCESS URBAN AREAS USERS VERIFICATION VERIFICATIONS WATER PROJECTS WATER SCARCITY WATER SERVICES WATER SUPPLY WATERSHEDS Loening, Esther Tineo, Luis Independent Verification in Results-Based Financing |
| relation |
OBApproaches;No. 43 |
| description |
With pressure for greater accountability
and value for money in public budgets, widening the use of
results-based financing (RBF) and setting up adequate
independent mechanisms to verify results is becoming
increasingly important. In January 2012, the World Bank
launched the Program-for-Results (PforR), an innovative
financing instrument that disburses funds upon delivery of
verified results in developing country programs. Until now,
the use of independent verification has been limited to
output-based aid (OBA), which is one of the RBF modalities;
however, there is potential for more widespread use of
independent verification. This note highlights lessons from
projects funded by the Global Partnership on Output-Based
Aid (GPOBA) and the World Bank, and discusses elements that
can best ensure the independence and effectiveness of a
verification system. |
| format |
Publications & Research :: Brief |
| author |
Loening, Esther Tineo, Luis |
| author_facet |
Loening, Esther Tineo, Luis |
| author_sort |
Loening, Esther |
| title |
Independent Verification in Results-Based Financing |
| title_short |
Independent Verification in Results-Based Financing |
| title_full |
Independent Verification in Results-Based Financing |
| title_fullStr |
Independent Verification in Results-Based Financing |
| title_full_unstemmed |
Independent Verification in Results-Based Financing |
| title_sort |
independent verification in results-based financing |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2012/05/16742432/independent-verification-results-based-financing http://hdl.handle.net/10986/16175 |
| _version_ |
1764432398094696448 |