This consultation paper describes the proposed piloting of a results-based financing (RBF) program modality. The RBF programs will directly link disbursements with achievements of results in a government owned program. These programs will be based on ex ante assessments, supported by ex post results verifications, and underpinned by systematic institutional development. The objectives of an RBF program are to increase accountability and incentives to deliver sector results, improve the effectiveness and efficiency of a government owned program, support institutional development, facilitate development coordination and harmonization, and enhance development effectiveness.