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Results-Based Financing Through Social Enterprises : A White Paper for the Global Partnership for Results-Based Approaches, in Response to the Covid-19 Pandemic / Maitreyi Bordia Das.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Das, Maitreyi Bordia.
- Series:
- Other papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Access of Poor to Social Services.
- Business Environment.
- Coronavirus.
- Corporate Social Responsibility.
- COVID-19.
- Disease Control and Prevention.
- Health, Nutrition and Population.
- Poverty.
- Poverty Reduction.
- Private Sector Development.
- Social Accountability.
- Social Development.
- Social Responsibility.
- Local Subjects:
- Access of Poor to Social Services.
- Business Environment.
- Coronavirus.
- Corporate Social Responsibility.
- COVID-19.
- Disease Control and Prevention.
- Health, Nutrition and Population.
- Poverty.
- Poverty Reduction.
- Private Sector Development.
- Social Accountability.
- Social Development.
- Social Responsibility.
- Other Title:
- Results-Based Financing Through Social Enterprises
- Place of Publication:
- Washington, D.C. : The World Bank, 2020.
- System Details:
- data file
- Summary:
- The COVID-19 pandemic has triggered a global humanitarian crisis, putting both lives and livelihoods at risk. In the initial stages of the pandemic - especially in contexts where the state machinery was caught unawares or lacked capacity, or both, social enterprises (SEs) or socially-driven private enterprises - have been particularly active and have stepped up to provide relief. These enterprises will continue to be important as the pandemic stretches out, with recovery likely to be a long-drawn process. Since the Global Partnership for Results-Based Approaches (GPRBA) has a history of working successfully with SEs and other non-state private providers, the Partnership draws upon its significant experience and its partners' institutional capacity towards building productive partnerships with numerous SEs. To that effect, this White Paper is intended as an approach and guidance for GPRBA partners, World Bank task teams, and other actors who engage in Result Based Financing (RBF). It focuses on two overarching objectives, id est, helping reduce the spread of COVID-19 cases and helping minimize the socioeconomic impact of the pandemic, especially on poor and excluded groups, that can be achieved by engaging SEs through an RBF approach. Additionally, it explores tools and mechanisms that could be used to substantiate results while taking into account the need to reduce in-person interactions in light of COVID-19. Lastly, building on the foundation of successful GPRBA projects, the paper provides an overview of the financing arrangements that can be utilized to collaborate with SEs.
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