Results-based financing - REACH research oportunity

The Results in Education for All Children (REACH) trust fund is looking to commission research on several topics and their relationship to results-based financing. See below for three brief descriptions of the TORs and associated budgets:

  • RBF and Equity (~$40K):

A common concern with the use of results-based financing mechanisms is that they have can have detrimental impacts on the equity of education outcomes. REACH is looking to commission a desk-based study to examine the existing literature on how the use of results-based financing mechanisms in the provision of basic social services affect equity.
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  • RBF and Health (~$40K):

Though experience and experimentation with RBF approaches has been much wider in the health sector than in education, many findings on the use of RBF in health are relevant for the education sector. REACH is looking to commission a desk-based study to examine the existing literature on RBF in health to summarize its main findings and assess the applicability of lessons on its use in health for the education sector.
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  • Impact bonds (~$40K):

As the World Bank and other development organizations prepare to use impact bonds in education projects, teams are looking into the mechanism and how it can be used in their institutions’ context and at scale. The REACH trust fund is looking to commission a knowledge product that can provide an independent assessment of the current state of impact bonds in the education sector and other sectors where relevant for the education sector and how they compare to other forms of results-based financing (e.g. PforRs at the World Bank, and other RBF approaches used at country level), innovative financing (such as loan buy-downs, social impact investment or dept conversion development bonds) and public-private partnership (PPP) mechanisms.
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For more information about the trust fund and to view existing evidence on results-based financing, please visit: www.worldbank.org/reach. Interested parties who have additional questions can direct them to reach@worldbank.org

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