As the development funding landscape shifts toward blended finance, Pay-for-Results (PfR) prizes and other pull mechanisms are gaining momentum to solve market challenges. But PfR approaches are still not widely used; they are complex to design, and their exact application can seem elusive. An upcoming World Bank webinar series featuring AgResults aims to unpack some of these issues.
Hosted by the World Bank’s Open Learning Campus, “Pay-for-Results: From Concept to Design to Lessons Learned” runs on three consecutive Thursdays (April 15, April 22, April 29). Each hourlong session, from 9-10 a.m. ET, highlights a different aspect of AgResults’ PfR prize competition model, proceeding from the initiative’s overall goals to best practices in prize design to learning over the last eight years. After introductory remarks by a donor representative, each session includes a short presentation by AgResults, followed by a robust discussion that invites real-time participation from the audience.
Below are more details about each of the sessions.
Session 1: What are Pay-for-Results Prizes and Why Do They Matter? (April 15, 9-10 a.m. ET)
Pay-for-Results prizes and other pull mechanisms are gaining momentum to solve complex market challenges. This webinar introduces AgResults’ Pay-for-Results prize competition model and shows why it’s a key method for development donors and practitioners to apply in the right contexts.
Speakers:
- Chris Brett, World Bank
- Orin Hasson, Bill & Melinda Gates Foundation
- Justin Kosoris, AgResults Secretariat
Session 2: Designing Impactful Prizes to Address Development Challenges (April 22, 9-10 a.m. ET)
One reason that Pay-for-Results (PfR) mechanisms are not more widely used is that they are complex to design. This webinar summarizes AgResults’ PfR prize design process and introduces participants to a new, easy-to-follow toolkit.
Speakers:
- Chris Brett, World Bank
- Tristan Armstrong, Australia Department of Foreign Affairs and Trade (DFAT)
- Monica Barrett, AgResults Design Team
Session 3: Learning from 8 Years of Using Prizes to Transform Markets (April 29, 9-10 a.m. ET)
Since 2013, AgResults has designed and implemented Pay-for-Results prize competitions that engage the private sector to solve complex agricultural challenges. This webinar captures the most important – and surprising – learning from those eight years.
Speakers:
- Chris Brett, World Bank
- Alan Tollervey, UK Foreign, Commonwealth, and Development Office (FCDO)
- Rodrigo Ortiz, AgResults Secretariat
The World Bank’s Open Learning Campus (OLC) provides dynamic learning opportunities where diverse audiences around the world can learn at their own pace and access critical knowledge and materials to tackle development challenges. AgResults is pleased to partner with the OLC on this series.