This paper outlines the potential contributions of impact bonds to the World Bank Group’s Maximizing Finance for Development (MFD) approach. The MFD approach is in part a response by the World Bank Group to the 2030 Sustainable Development Agenda.
Over 75 bilateral cooperation agencies, multilateral development institutions, and private foundations participated in third annual Impact Bonds Working Group (IBWG) held in Washington, DC at the World Bank (February 26-27) and co-organized by GPRBA.
This chart summarizes 10 of the common claims by impact bond proponents, as well as the evidence thus far.
A 2017 Brookings study reviewed each of these claims and found some of them more substantial while others had mixed results.
Webinar organized by the World Bank's Global Partnership on Output-Based Aid (GPOBA) on the use of results-based financing to improve education opportunities for low-income students 2016 02 10
Vietnam: World Bank-administered GPOBA and East Meets West Foundation to Help Provide Secondary Education for Poor Students
News Release No. 2010/4
Cathy Russell, tel. (+1) 202 458 8124 email@example.com
Hong Ngan Nguyen, tel. (+84 -4) 3934 6600 ext. 234
A number of approaches have been tried to improve school attendance and educational attainment, including the use of Output-Based Aid (OBA).
The challenge of introducing OBA in education has often been finding an appropriate definition of “output” that balances achievement of results with reasonable transfer of performance risk.