Results-Based Financing in Education : Financing Results to Strengthen Systems

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...

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Main Author:	World Bank Group
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	EDUCATION SCHOOL STUDENTS TEACHERS FINANCE POLICY education finance results-based financing
Online Access:	http://documents.worldbank.org/curated/en/715791489054110215/Results-based-financing-in-education-financing-results-to-strengthen-systems http://hdl.handle.net/10986/26268

id	okr-10986-26268
recordtype	oai_dc
spelling	okr-10986-262682021-06-14T10:13:11Z Results-Based Financing in Education : Financing Results to Strengthen Systems World Bank Group EDUCATION SCHOOL STUDENTS TEACHERS FINANCE POLICY education finance results-based financing 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). 2017-03-15T16:58:37Z 2017-03-15T16:58:37Z 2017-03 Working Paper http://documents.worldbank.org/curated/en/715791489054110215/Results-based-financing-in-education-financing-results-to-strengthen-systems http://hdl.handle.net/10986/26268 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper
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	EDUCATION SCHOOL STUDENTS TEACHERS FINANCE POLICY education finance results-based financing
spellingShingle	EDUCATION SCHOOL STUDENTS TEACHERS FINANCE POLICY education finance results-based financing World Bank Group Results-Based Financing in Education : Financing Results to Strengthen Systems
description	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).
format	Working Paper
author	World Bank Group
author_facet	World Bank Group
author_sort	World Bank Group
title	Results-Based Financing in Education : Financing Results to Strengthen Systems
title_short	Results-Based Financing in Education : Financing Results to Strengthen Systems
title_full	Results-Based Financing in Education : Financing Results to Strengthen Systems
title_fullStr	Results-Based Financing in Education : Financing Results to Strengthen Systems
title_full_unstemmed	Results-Based Financing in Education : Financing Results to Strengthen Systems
title_sort	results-based financing in education : financing results to strengthen systems
publisher	World Bank, Washington, DC
publishDate	2017
url	http://documents.worldbank.org/curated/en/715791489054110215/Results-based-financing-in-education-financing-results-to-strengthen-systems http://hdl.handle.net/10986/26268
_version_	1764461551751790592

Results-Based Financing in Education : Financing Results to Strengthen Systems

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