Development Impact Bonds (DIBs) are very similar in function and design to Social Impact Bonds in that they are an outcomes-based approach to financing and offer a more sophisticated approach to private public partnerships and to improving the quality and local accountability of development funding. Recent research says that development finance is rapidly changing. Private financial flows and domestic revenues in developing countries are increasing, and contributions from new development partners, development finance institutions, and philanthropic organisations are on the rise. These new sources of finance and expertise complement traditional development cooperation and are creating opportunities for new partnerships that make the best use of what each has to offer.
Dr Annie Holden of Social Impact Investing Queensland (SIIQ) holds a PhD in the cross-disciplines of development economics and economic anthropology. Annie has been extensively involved in the past twenty years in progressing the Indigenous economic development agenda in Australia and has worked in developing countries in Papua New Guinea, the Pacific and India. Adam Allan's international banking experience supports the SIIQ proposition. The SIIQ view is that Development Impact Bonds provide an excellent opportunity for leveraging targetted development funds into concrete, evidence-based approaches for greater success and improved accountability in development investment.
Dr Annie Holden of Social Impact Investing Queensland (SIIQ) holds a PhD in the cross-disciplines of development economics and economic anthropology. Annie has been extensively involved in the past twenty years in progressing the Indigenous economic development agenda in Australia and has worked in developing countries in Papua New Guinea, the Pacific and India. Adam Allan's international banking experience supports the SIIQ proposition. The SIIQ view is that Development Impact Bonds provide an excellent opportunity for leveraging targetted development funds into concrete, evidence-based approaches for greater success and improved accountability in development investment.
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Investing in Social Outcomes: Development Impact Bonds
The Report of the Development Impact Bond Working Group. This Report by the Centre for Global Development and Social Finance 2014 shows how DIBs could work in developing countries, outlines its advantages over alternative funding mechanisms, and offers recommendations for developing a viable DIB market. Six case studies illustrate the breadth of social issues to which the approach can be applied, and a technical section lays out considerations for the design of DIBs for audiences interested in their implementation. |
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