Try to imagine a well-functioning economy without having secure land tenure and property rights established. Would investors and service providers enter such a risky environment? Would banks be wary of offering and lending? Could conventional commerce or business transactions even operate optimally?
This illustrates the key features of GPRBA's role in the West Bank & Gaza Real Estate Registration Project, the first test case in applying results-based financing in the land sector.
This session looked at the use of output-based aid (OBA) and results-based financing (RBF) in fragile and conflict states; examining experiences in West Bank/Gaza, Nepal and Indonesia. OBA and RBF use innovative financing mechanisms to provide basic services -- like solid waste management, water, transportation and electricity – to the very poor.
Throughout the world, poverty is increasingly concentrated in countries and regions affected by fragility and conflict, which intensify already acute challenges to development. Fragility and conflict can range from persistent domestic or cross-border violence to vulnerability in the face of natural disasters or extreme weather events related to climate change, such as flooding or droughts.