A new education funding project using social impact bonds (SIBs) seeks to help increase the number of children ages 3-7 enrolled in preschools in disadvantaged urban areas across Uzbekistan. The planned program is made possible through a $4.85 million grant provided by the World Bank’s Global Partnership for Results-Based Approaches (GPRBA).
Over 2,000 primary school deaf students in Vietnam are targeted for a better education through an improved Vietnamese sign language-based curricula and teacher training, to be made possible through a grant agreement signed on July 29th between the Government of Vietnam and the World Bank.
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.