- Governments identify problems to target and pay if the program achieves agreed outcomes.
- Private and philanthropic funders provide the up-front financial support and receive a return if the project is successful.
- Financial intermediaries structure the project and raise up-front funding. A single organization or multiple organizations with different responsibilities may fill this role.
- Knowledge intermediaries identify and recommend high-performing programs, help structure the project, provide course correction during implementation, and, with the independent evaluators, conduct ongoing research.
- Service providers administer the evidence-based social program for the PFS project.
- Independent evaluators determine if the program has met its agreed outcomes.
Who are the main stakeholders in a PFS project, and what are their roles?
Five actors are essential to a PFS program: governments, private and philanthropic funders, financial intermediaries, knowledge intermediaries, and independent evaluators.