Independent Verification in Results-Based Financing

With pressure for greater accountability and value for money in public budgets, widening the use of results-based financing (RBF) and setting up adequate independent mechanisms to verify results is becoming increasingly important. In January 2012, the World Bank launched the Program-for-Results (PforR), an innovative financing instrument that disburses funds upon delivery of verified results in developing country programs. Until now, the use of independent verification has been limited to output-based aid (OBA), which is one of the RBF modalities; however, there is potential for more widespread use of independent verification. This note highlights lessons from projects funded by the Global Partnership on Output-Based Aid (GPOBA) and the World Bank, and discusses elements that can best ensure the independence and effectiveness of a verification system.

Bibliographic Details

Main Authors:	Loening, Esther, Tineo, Luis
Language:	English en_US
Published:	World Bank, Washington, DC 2012-05
Subjects:	ACCESS TO SERVICES, ACCOUNTABILITY, ACCOUNTING, ANTI-CORRUPTION, AUDITORS, AUDITS, BASIC SERVICES, BIDDING, BUSINESS RELATIONSHIP, CAPABILITIES, CENTRAL GOVERNMENT, CIVIL SOCIETY, COLLUSION, COMMUNITIES, CONFIDENCE, CONFLICT OF INTEREST, CONTRACT AWARD, CONTROL SYSTEMS, CUSTOMER SATISFACTION, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, ELECTRICITY, END USERS, EQUIPMENT, GEOGRAPHIC DISTRIBUTION, GOVERNMENT ENTITY, HOUSEHOLDS, IMPLEMENTING AGENCIES, IMPLEMENTING AGENCY, INNOVATIONS, INNOVATIVE FINANCING, INSPECTION, INSPECTIONS, INSTALLATION, INTERNAL CONTROL, INTERNAL CONTROLS, LICENSE, MANAGEMENT SYSTEM, MATERIAL, MOBILE PHONE, OPERATING ENVIRONMENT, OUTPUT, OUTPUTS, OUTSOURCING, PERFORMANCE OF SERVICE PROVIDERS, PHONE, PHONES, PROTOCOL, PROTOCOLS, PROVISION OF WATER, QUALITY OF WATER, REGULATOR, REGULATORY AUTHORITY, REGULATORY BODIES, RELIABILITY, REPUTATION, RESULT, RESULTS, RURAL WATER, RURAL WATER SUPPLY, SERVICE DELIVERY, SERVICE PROVIDER, SERVICE PROVIDERS, SERVICE PROVISION, STATE GOVERNMENT, TELECOM, TELECOMMUNICATIONS, THIRD-PARTY ENTITIES, TRAFFIC, TRANSPARENCY, UNIVERSAL ACCESS, URBAN AREAS, USERS, VERIFICATION, VERIFICATIONS, WATER PROJECTS, WATER SCARCITY, WATER SERVICES, WATER SUPPLY, WATERSHEDS,
Online Access:	http://documents.worldbank.org/curated/en/2012/05/16742432/independent-verification-results-based-financing https://hdl.handle.net/10986/16175
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