{"id":18084,"date":"2019-07-02T03:21:34","date_gmt":"2019-07-02T03:21:34","guid":{"rendered":"https:\/\/www.englishforums.com\/news\/?p=18084"},"modified":"2019-07-02T03:21:34","modified_gmt":"2019-07-02T03:21:34","slug":"development-impact-bond-helps-improve-literacy-and-numeracy-in-delhi-and-gujarat-schools","status":"publish","type":"post","link":"https:\/\/www.englishforward.com\/news\/development-impact-bond-helps-improve-literacy-and-numeracy-in-delhi-and-gujarat-schools\/","title":{"rendered":"Development Impact Bond helps improve literacy and numeracy in Delhi and Gujarat Schools."},"content":{"rendered":"<p><strong>Performance-based \u201cDevelopment Impact Bond\u201d launched in September 2018 has shown a thirty percent increase in the quality of education where the sponsored programs are run.<\/strong><br \/>\n<a href=\"https:\/\/en.wikipedia.org\/wiki\/Development_impact_bond\" target=\"_blank\" rel=\"noopener\">DIB<\/a> is a relatively new instrument for investment in the social sector. In this methodology, parties with similar development goals ( private investors, Government, NGOs) come together, and funds are channeled into the programs. The difference here is that <strong>these funds are given based on measured outcomes.<\/strong><br \/>\nIn the very first year of inception, <strong>forty percent of schools that were part of this initiative either met their targets or exceeded it<\/strong>. The outcomes were measured by Grey Matters India.<br \/>\nThe \u201c<strong>Quality Education India<\/strong>\u201d DIB was launched in September 2018, and it was the world\u2019s largest education DIB to be launched. The total amount of <strong>fund raised was eleven million USD<\/strong>.<br \/>\nSome of the partners in this consortium are \u201cBritish Asian Trust\u201d of Prince Charles, the Michael &amp; Susan Dell Foundation, Tata Trusts, British Telecom, and Mittal Foundation.<br \/>\nThe program initiated in Delhi and Gujarat ran across six hundred schools and <strong>impacted over one hundred thousand students<\/strong>.<br \/>\nThis unique social financing tool will pay out only if the desired outcomes are met. If they fall short of the \u201ctarget\u201d, the funders will pay only proportionately. UBS Optimus Foundation- the \u201c<strong>risk investor<\/strong>\u201d &#8211; provided the working capital for this model.<br \/>\nThe Steering Committee of DIB noted that <em>\u201cThe ultimate goal is to improve education standards in India, with the DIB paving the way for developing an outcome-based funding approach that has the potential to improve the lives of hundreds of thousands of children.\u201d<\/em><br \/>\nLearnings from this experience will help expand similar models to the rest of India and other parts of the world.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Performance-based \u201cDevelopment Impact Bond\u201d launched in September 2018 has shown a thirty percent increase in the quality of education where the sponsored programs are run. DIB is a relatively new instrument for investment in the social sector. In this methodology, parties with similar development goals ( private investors, Government, NGOs) come together, and funds are [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":18086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[35,12],"tags":[226,402,403,868,916,1149],"_links":{"self":[{"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/posts\/18084"}],"collection":[{"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/comments?post=18084"}],"version-history":[{"count":0,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/posts\/18084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/media\/18086"}],"wp:attachment":[{"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/media?parent=18084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/categories?post=18084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.englishforward.com\/news\/wp-json\/wp\/v2\/tags?post=18084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}