Impact Bonds are an innovative results-based financing (RBF) mechanism tying financial returns and payments to specific results to incentivize investors and service providers. As governments and development partners seek to meet the Sustainable Development Goals (SDGs), private investors, along with their capital and expertise, can help meet reach programs that benefit the public good.
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 these claims more substantial than others.
Explore how an impact bond is structured differently from most RBF schemes, and the role each actor (investor, intermediary, evaluator, outcome payer) plays. This example shows how a girls' education program was funded.
This report explores the lessons learned in the development of impact bonds in low- and middle-income countries, bringing together the findings from interviews with stakeholders and research into the impact bond space.
This World Bank blogpot lists "Village Enterprise" as part of the first Development Impact Bond for poverty alleviation in Sub-Saharan Africa, with examples of how it can contribute to employment and spur jobs growth.