China

Results-Based Financing (RBF) is a concept comprising a range of public policy instruments, whereby incentives, rewards, or subsidies are linked to the verified delivery... Show More + of pre-defined results. RBF is often used to enhance access to and delivery of basic infrastructure and social services, such as water and sanitation, energy, and health care. In most cases, the funding entity typically a government, development agency, or other agent deals directly with the service provider. Some of the better known RBF approaches include output-based aid (OBA) (GPOBA 2011), conditional cash transfers, carbon finance, and advance market commitments (AMCs). Unlike traditional public procurement, which uses public resources to purchase the inputs and contract service providers to deliver them to users, the RBF approach uses private-sector resources to finance the inputs and service delivery and public resources to reimburse the service provider upon delivery of the pre-defined results. Show Less -