Kareem Zahran

Abstract

International Financial Institutions are exploring solutions that can ensure the effectiveness of funds with respect to the achievement of desired results/outputs. Results-Based finance (RBF) considers this goal through linking desired outputs to the disbursement of funds. This may require borrowers to pre-finance programs and then receive their allocated disbursements after results are achieved, which could form cash flow gaps. The management of this type of programs requires the integration of multiple projects management and finance-based scheduling with the financial requirements of results-based funding mechanisms. For proper management of received funds, this research introduces a framework for the simulation and optimization of RBF funded programs, that serves as a Decision Support System (DSS) for borrowers while implementing RBF. The Program-For-Results (P4R) mechanism, offered by the World Bank (WB), was used as one of the RBF mechanisms for verifying the developed framework. A model was developed for guiding borrowing governments through the full processes of P4R. The proposed model provides governments a step-by-step guide through each stage from initiation to program closing. For verification, the model was applied on a case study for presenting its capabilities. It was validated using the Sustainable Rural Sanitation Services Program (SRSSP) in Egypt, and it showed an improvement in the overall financial standing of the government. This model was developed and applied on the P4R mechanism; however, it applies to any other RBF mechanism as they share the same concepts and mechanisms.

Department

Construction Engineering Department

Graduation Date

2-1-2020

Submission Date

November 2019

First Advisor

Ezeldin, A.Samer

Committee Member 1

Hassanein, Amr

Committee Member 2

Nassar, Khaled

Extent

218 p.

Document Type

Doctoral Dissertation

Rights

The author retains all rights with regard to copyright. The author certifies that written permission from the owner(s) of third-party copyrighted matter included in the thesis, dissertation, paper, or record of study has been obtained. The author further certifies that IRB approval has been obtained for this thesis, or that IRB approval is not necessary for this thesis. Insofar as this thesis, dissertation, paper, or record of study is an educational record as defined in the Family Educational Rights and Privacy Act (FERPA) (20 USC 1232g), the author has granted consent to disclosure of it to anyone who requests a copy.

Institutional Review Board (IRB) Approval

Not necessary for this item

Comments

I would like to express my deep gratitude for my PhD thesis advisor Dr A.Samer Ezeldin. I would like to thank him for the great support and guidance he provided me. I am grateful for the time and effort he invested for guiding me throughout my PhD journey. I have learned a lot from him on an academic and personal level. I would like to express my deepest gratitude for his advice, patience, understanding and precious advice. I am also thankful for the internal examiners, Dr. Amr Hassanein, Dr. Ahmed Waly and Dr Khaled Nassar. I would like also to thank Dr. Ezeldin Yazeed for his support throughout my PhD journey. A special thanks for Dr. Ossama Hosny for Chairing my PhD defense, and for the knowledge I gained under his supervision during my MSc degree. I would like also to thank Dr. Safwan Khedr for attending my PhD defense. Moreover, I would like to thank Dr. Ossama El Husseiny and Dr. Mohamed Mahdy Marzouk, the external examiners, for their valuable comments. I would like to thank Dr. Sayed Ismael for providing me with information about the SRSSP program in Egypt. Further gratitude for Dr. Ahmed Al Hady for his support since beginning in my MSc degree, and Dr. Ibrahim Abotaleb for his valuable assistance. I would like to thank AUC for financially supporting my conference publications. Finally, I would like to thank all AUC professors and staff for supporting me in making this dissertation possible.

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