Results-based financing (RBF) is 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. 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.
A focus on results is fundamental to the World Bank Group's approach to delivering programs and policy advice with partners in low-income and middle-income countries alike. Through financial assistance and technical knowledge, the Bank Group aims to help people around the world build a better future for themselves, their families, and their country.
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 fine-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 fiscal year in the context of development results. It uses an integrated results and performance 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 Bank Country Assistance Strategies now include key measurable assessments, allowing governments, donors, and stakeholders to collaborate more effectively in identifying and achieving common goals for development.
• All Bank projects rely on monitoring and results frameworks to guide implementation, make mid-course corrections as needed, measure impact, and cull lessons learned.
• IDA uses its Results Measurement System to identify and track development results in countries where policies and operations are being supported and to evaluate its performance in the process. Its system is designed to strengthen the focus of its activities on development outcomes and keep donors aware of IDA's effectiveness. The system measures results on four levels: IDA countries' progress, IDA-supported development results, IDA's operational effectiveness, and IDA's organizational effectiveness.