Oxfam,Swift Consortium and Opportunity International share their experiences of running PbR programmesIt’s been almost two years since the Department for International Development (DfID) experimented with payment by results (PbR) contracts. There’s been talk of this fitting their standard funding model instead of grants, so will it revolutionise aid giving or is it a really a “demoralising nightmare” as it was once described? Payment by results is a form of funding intended to improve efficiency and innovation with the opinion that aid should be judged on impact. The donor will agree certain predefined results with the recipient, and will only pay for the activities once the results are achieved by the deadline. While the recipient is free to work in the way it chooses,they have to pay for the work upfront, which can be risky.
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Source: theguardian.com