As Pharo Foundation's missions progress and we look to scale up our cost effective and evidence-based interventions, it's clear to us that utilising a range of innovative financing instruments to scale up our missions is critical. Among these instruments, outcomes-based financing is gaining traction and proving very effective. At its core, this method relies on a pre-agreed set of outcomes being achieved in order to trigger payments.

To explore how this method works, and its benefits, we have spoken with Adriana Balducci, Head of Programme Development at the Education Outcomes Fund (EOF), and Chloe Edleston, Regional Lead for East Africa at Social Finance.