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Results-Based Financing

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  • 154 • RESEARCH THE WORLD BANK GROUP A TO Z 2016
    Partners meet every three years to replenish
    IDA funds and review IDAs policies. The most
    recent replenishment of IDAs resources, the 17th
    (IDA17), was fi nalized in December 2013, resulting
    in a record replenishment size of special draw-
    ing rights (SDR) of 34.6 billion ($52.1 billion) to
    nance projects over the three-year period from
    July 1, 2014, to June30, 2017. To increase openness
    and help ensure that IDAs policies are responsive
    to country needs and circumstances, representa-
    tives of borrower countries from each IDA region
    have been invited to take part in the replenishment
    negotiations since IDA13.
    In addition, since IDA13, background policy
    papers have been publicly released, as well as drafts
    of the replenishment reports before their fi nalization.
    ;
    http://www.worldbank.org/ida/ida-replenishments.html
    Research The World Bank’s principal research
    unit is the Development Economics Vice Presidency
    (DEC). Unlike operations and network depart-
    ments, which also undertake research, its mandate
    includes research that may be cross-country and
    across sectors and reach beyond specifi c regional
    units or sectors. DEC researchers provide cross-
    support to World Bank operations to help ensure
    that the Bank’s policy advice is fi rmly grounded in
    current knowledge.
    With nine programs, it produces the majority of
    the Bank’s research and enjoys a high international
    profi le. The work of DEC researchers appears in
    academic journals, the World Bank Policy Research
    Working Paper Series, books, blogs, and special pub-
    lications such as the Policy Research Reports.
    ;
    http://go.worldbank.org/Q5IAP9GCZ0
    Results-Based Financing Results-based fi nancing
    (RBF) is an approach that links fi nancing to prede-
    termined results, whereby success is measured by
    the quality and quantity of actual services that health
    facilities deliver to people and not as inputs such as
    medical equipment or supplies. Experience so far
    indicates that RBF approaches can help strengthen
    core health systems, making them more accountable
    and able to deliver greater value for money, by
    shifting the focus from inputs to results.
    ;
    http://tinyurl.com/WBG040
    Results Measurement A focus on results is funda-
    mental to the World Bank Group’s approach to deliv-
    ering programs and policy advice with partners in
    low-income and middle-income countries alike.
    Through fi nancial assistance and technical knowl-
    edge, the World Bank Group aims to help people
    around the world build a better future for them-
    selves, their families, and their countries.
    A Dynamic Framework for Capturing Results
    Results frameworks have long existed in World Bank
    Group–supported development operations. They
    are continuously improved to better capture data on
    results and see what did and did not work and why.
    The World Bank Group continues to fi ne-tune its
    systems for gathering and processing development
    information:
    The Corporate Scorecard is designed to provide
    asnapshot of the Bank’s overall performance in a
    given fi scal year in the context of development
    results. It uses an integrated results and perfor-
    mance framework, which is organized in a three-
    tier structure that groups indicators along the
    results chain. It presents a high-level view and is
    not intended to provide country- or activity-level
    information. (See separate entry on the Corporate
    Scorecard.)
    • All World Bank Country Strategies include key
    measurables to capture results. The 2014 World
    Bank Group Directive for Country Engagement
    further articulates a results-based engagement,
    centered on a results framework. This lays out the
    objectives that the WBG activities are expected to
    help the country achieve, and links those objec-
    tives to the country’s development goals.

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Results-Based Financing

Defines results-based financing (RBF) as an approach that links financing to predetermined results, whereby success is measured by the quality and quantity of actual services that health facilities deliver to people and not as inputs such as medical equipment or supplies.

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