This guidance note shares the GPE model for providing results-based financing in the education sector, and provides guidance for the development of grant applications for this financing by partner countries. It is relevant for grants based on GPE 2020.

Results-based financing is a mechanism whereby fund disbursement is triggered when a pre-agreed set of results has been achieved. The GPE model for results-based financing is called the variable part, or variable part financing.

The objective of GPE results-based financing is to drive improvements in equity, efficiency and learning outcomes in basic education at the sector/system level based on country implementation of transformational strategies from its education sector plan.