World Bank Hosts Impact Bonds Conference
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.
The IBWG meetings brought together major public and private sector donor organizations and development agencies to design strategies and concrete initiatives for enhancing the cost effectiveness and scalability of impact bonds and other outcomes-based commissioning instruments as a means to support countries in delivering the UN Sustainable Development Goals.
The conference featured plenary sessions and a mix of high-level panel discussions, dynamic breakout sessions, investor feedback clinics, donor-to-donor knowledge sharing, and workshop on operationalizing the Impact Bond Market Acceleration Partnership (IBMAP).
Among the topics covered were:
- Emerging deals and Outcomes Funds
- Knowledge Sharing and Lessons learned
- Operationalizing the Impact Bond Market Acceleration Partnership (IBMAP)
- Strategies for Scaling Outcomes-Based Commissioning
The third item in the list above, the Impact Bond Market Acceleration Partnership (IBMAP), was discussed in great detail and is an emerging initiative being developed and launched by the IBWG to seek more opportunities to apply the use of impact bonds.
For more information on the third IBWG meetings' agenda and discussions, visit http://www.ib-wg.com/ (go to DOCUMENTS and scroll down).
The IBWG Executive Committe Members are DFID, SECO and the UBS Optimus Foundation. The IBWG activities are managed by the IBWG Secretariat (Levoca Impact Labs).
Among the IBWG meeting attendees:
Inter-American Development Bank
