Results-Based Financing Through Social Enterprises : A White Paper for the Global Partnership for Results-Based Approaches, in Response to the Covid-19 Pandemic
The COVID-19 pandemic has triggered a global humanitarian crisis, putting both lives and livelihoods at risk. In the initial stages of the pandemic – especially in contexts where the state machinery was caught unawares or lacked capacity, or both,...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/581601596576509210/Results-Based-Financing-Through-Social-Enterprises-A-White-Paper-for-the-Global-Partnership-for-Results-Based-Approaches-in-Response-to-the-Covid-19-Pandemic http://hdl.handle.net/10986/34319 |
| Summary: | The COVID-19 pandemic has triggered a
global humanitarian crisis, putting both lives and
livelihoods at risk. In the initial stages of the pandemic –
especially in contexts where the state machinery was caught
unawares or lacked capacity, or both, social enterprises
(SEs) or socially-driven private enterprises – have been
particularly active and have stepped up to provide relief.
These enterprises will continue to be important as the
pandemic stretches out, with recovery likely to be a
long-drawn process. Since the Global Partnership for
Results-Based Approaches (GPRBA) has a history of working
successfully with SEs and other non-state private providers,
the Partnership draws upon its significant experience and
its partners' institutional capacity towards building
productive partnerships with numerous SEs. To that effect,
this White Paper is intended as an approach and guidance for
GPRBA partners, World Bank task teams, and other actors who
engage in Result Based Financing (RBF). It focuses on two
overarching objectives, i.e., helping reduce the spread of
COVID-19 cases and helping minimize the socioeconomic impact
of the pandemic, especially on poor and excluded groups,
that can be achieved by engaging SEs through an RBF
approach. Additionally, it explores tools and mechanisms
that could be used to substantiate results while taking into
account the need to reduce in-person interactions in light
of COVID-19. Lastly, building on the foundation of
successful GPRBA projects, the paper provides an overview of
the financing arrangements that can be utilized to
collaborate with SEs. |
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