Outcome fund for education results

The Outcome fund for education results project aims to strengthen the education ecosystem and improve education public policy through a public and private sector fund that creates a marketplace for affordable education solutions to be scaled up for the most vulnerable in Colombia. Project activities include: (1) launching educational challenges tackling access retention and quality in the education sector in Colombia; (2) delivering technical assistance on results-based financing to service providers in the education ecosystem; and (3) disseminating lessons learned drawn from the project challenges to governmental and non-governmental actors. Overall the project creates a programming and funding mechanism to pay for results once results have been achieved and confirmed by a verification agent and incentivizes local implementing organizations to create innovative affordable and adoptable solutions to address education gaps.

The expected outcomes for this project include: (1) strengthened key actors in the education ecosystem in Colombia with the ability to achieve equitable measurable and lasting education outcomes; and (2) strengthened education policies in Colombia with outcomes-based principles and practices adopted to deliver effective programs.