The Outcome Fund for Education Results (OFFER) Project in Colombia and is a new innovative results-based financing (RBF) model, mobilizing international cooperation and private sector investments to achieve measurable cost-effective education outcomes and draws upon the commitments outlined in the Whistler Principles to Accelerate Innovation for Development Impact. This OFFER is aligned with Sustainable Development Goal (SDG)#4 (Quality Education) and will also contribute to SDG #9 to foster innovation for development and SDG #17(Global Partnership for Sustainable Development) by mobilizing additional financial resources from multiple sources and focuses on impact and scalable education solutions for the most disadvantaged and conflict-affected children, especially girls, migrants, victims of armed conflict, indigenous and those living in rural conflict-affected areas. The Colombian Government is committed to delivering education and has a well-established private sector that wants to help the most vulnerable. The OFFER has been co-designed with four (4) private sector partners(“Alliance Members”)whose vision is to collaborate with Colombia on equal footing to achieve the SDGs, including closing the financing gap for the SDGs.
The OFFER includes cross-cutting themes and works to reduce gender gaps in education outcomes for the most vulnerable populations, including girls, women, indigenous, Afro-Colombians and migrants. At its core, the OFFER seeks to advance the principles of equity, transparency, and shared opportunity as part of contributions made in relation to the theme of Governance. Environmental considerations will be integrated into programming Pay-for-Results challenges where possible, incorporating considerations for the usage of materials, water, electricity, and learning opportunities for learners and communities.
The overall objective is to improve education so that learners in Colombia have improved opportunities for access, retention, and achievement in the education system. Furthermore, the project intends to create an education ecosystem that fosters innovative solutions to education Pay-for-Results Challenges while building the capacity of all stakeholders to promote and implement results-based financing programming employing public and private sector partnerships. The Contractor will implement and manage the project in accordance with the expected results and deliverables.
