Future growth and climate-resilient development requires action at the city level. It also requires new ways for financing infrastructure in less-developed urban communities.
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.
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.
Are They Really Being Served? Assessing Effective Infrastructure Access and Quality in 15 Kenyan Cities
"This paper proposes a framework that examines three levels of access to infrastructure -- nominal, effective, and quality-adjusted access. Most conventional indicators measure nominal access --whether a household has physical access to a service in or near the house.