Resonance is pleased to announce that we are working with the Millennium Challenge Corporation (MCC) to develop a framework for integrating results-based financing (RBF) into its programs around the world. Resonance will support the creation of new tools and evaluation frameworks, in addition to providing advisory support to MCC’s Finance, Investment, and Trade (FIT) headquarters on the implementation of RBF activities across the globe.
According to Darren Miao, Resonance's Director of Impact Investing, “RBF shows tremendous potential as a tool for donors to increase the accountability and effectiveness of development interventions. By focusing on measurable outcomes, donors can better align funding provided to host governments, NGOs, and companies with development objectives, while also supporting innovative approaches. MCC is an early leader in RBF, and we are excited to support its efforts.”
Resonance Chief Innovation Officer Steve Schmida adds, “Development finance is at an inflection point. New tools, such as RBF and blended finance, are creating pathways for unlocking private capital to drive development impacts. We are thrilled to be supporting MCC as it continues to blaze the trail in creating new financial tools for achieving lasting development impacts.”