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The Operational Dimensions Of Results‐Based Financing

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  • Thomas O'Brien
  • Ravi Kanbur

Abstract

SUMMARY As part of a growing focus on the effectiveness of development assistance from the World Bank and other agencies, new efforts are being made to relate development finance more closely to outcomes achieved rather than to inputs used, through the results‐based financing approach. We provide a framework for analyzing the operational dimensions of results‐based financing, including the conditions that suit this approach, and how best to define, measure, and report results. We review some of the early World Bank experience with this approach. Noting that this approach is as yet not fully tested, we suggest evaluative issues for future research while highlighting strengths and challenges in the range of techniques adopted so far. Copyright © 2014 John Wiley & Sons, Ltd.

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  • Thomas O'Brien & Ravi Kanbur, 2014. "The Operational Dimensions Of Results‐Based Financing," Public Administration & Development, Blackwell Publishing, vol. 34(5), pages 345-358, December.
    • Handle: RePEc:wly:padxxx:v:34:y:2014:i:5:p:345-358
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    Cited by:

    1. Janus, Heiner & Holzapfel, Sarah, 2016. "Results-based approaches in agriculture: what is the potential?," IDOS Discussion Papers 25/2016, German Institute of Development and Sustainability (IDOS).
    2. Kanbur, Ravi, 2021. "Past, Present and Future of International Organizations, See Through the Lens of Bretton Woods and the World Bank," Working Papers 313755, Cornell University, Department of Applied Economics and Management.
    3. Gallemore, Caleb & Jespersen, Kristjan, 2016. "Transnational Markets for Sustainable Development Governance: The Case of REDD+," World Development, Elsevier, vol. 86(C), pages 79-94.

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