Archived Webinar

What are Pay-for-Results Prizes and Why Do They Matter?

As the development funding landscape shifts toward blended finance, Pay-for-Results prizes and other pull mechanisms are gaining momentum to solve complex market challenges.

AgResults’ prize competitions fall into one of two categories: 1) prizes that incentivize the Research and Development (R&D) of a new solution or product to address a market failure; and 2) prizes that encourage the development of innovative delivery models that incentivize beneficiaries, usually smallholder farmers, to adopt an existing product or service at scale.

This webinar introduces AgResults’ Pay-for-Results prize competition model and shows why it’s a key method to add to your development toolbox.

About the Presenters

Christopher Brett (moderator), AgResults Steering Committee, World Bank Lead Agribusiness Specialist

Currently the Lead Agribusiness Specialist in the World Bank Global Agricultural Practice, Christopher Brett serves as the Bank’s representative to the AgResults Steering Committee. He has more than thirty years of experience in the public and private sectors in Africa, Asia, and Latin America. Prior to the World Bank, he worked for 9 years as the Global Head of Sustainability for a large multi-national agricultural supply chain management company. Mr. Brett has undertaken a range of consultancies for leading development organizations and the private sector, such as the World Bank, International Finance Corporation, African Development Bank, European Union, UN Development Program, commercial banks, and infrastructural development companies. He worked for 6 years in Central America as a Private Sector Development Advisor for the UK Department for International Development. Mr. Brett has a Master’s Degree in Management for Agricultural Development from Cranfield University in the UK.

Orin Hasson (speaker), AgResults Steering Committee Representative, Senior Investment Officer, Bill & Melinda Gates Foundation

Orin Hasson is the AgResults Steering Committee Representative from the Bill & Melinda Gates Foundation, where he is a Senior Investment Officer working with teams across the foundation to design and execute innovative financial investments. Earlier, Mr. Hasson served as a Program Officer on the Gates Foundation's agricultural development team for five years, managing grants focused on linking smallholder farmers to markets across sub-Saharan Africa. He has implemented development programs on behalf of USAID, FCDO, the EBRD, and the World Bank in Israel, the United Kingdom, Afghanistan, and Turkey. Mr. Hasson holds an MA in Conflict, Security, and Development from the War Department of King’s College London as well as an MBA in Finance from the Wharton School at the University of Pennsylvania.

Justin Kosoris (speaker), Consultant, AgResults

Justin Kosoris provides consulting services for the AgResults initiative, a multi-donor Pay-for-Results prize competition fund to spur innovation and economic growth. He began his career as an agricultural extension agent with the United States Peace Corps in Senegal. Mr. Kosoris has worked in Cote d’Ivoire, Haiti, Mali, Rwanda, Senegal, and Vietnam, among other countries to develop and implement solutions to difficult economic growth and post-conflict challenges. He holds a Master’s Degree in international public affairs from the LBJ School at the University of Texas-Austin, and a Bachelor’s Degree in international studies from Johns Hopkins University.

Target Audience

This webinar is relevant for World Bank Task Team Leaders and Program Managers as well as development donors and practitioners interested in solving agricultural market challenges through innovative development financing, particularly by engaging the private sector.

Questions Submitted

Anvar

- May 10, 2021
Interesting!

Joy Mildred Adhiambo

- Apr 19, 2021
Great Discussion
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