This guidance note shares the Global Partnership for Education (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.

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 (ESP).