Most of development assistance today is delivered through input finance with no guarantee of successful achievement of results. Now imagine that a government could commission for increased employability among a targeted population, narrowed learning gap between boys and girls, more affordable housing in urban settings, or increased connectivity to economic opportunities.
GPRBA is actively seeking to ensure that the projects it supports include women as beneficiaries. GPRBA is also undertaking efforts to monitor and evaluate the outcomes to determine how to improve the inclusion of women and girls as project beneficiaries.
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.
Imagine if you could bring private sector resources and skills to social projects. Impact Bonds (IBs) are an innovative Results-Based Financing (RBF) mechanism that tie financial returns and payments to specific results incentivizing investors and service providers.
“There is no great force for change, for peace, for justice and democracy, for inclusive economic growth than a world of empowered women.” - Phumzile Mlambo-Ngcuka, Executive Director of UN Women