Case 05 · Education, India, four years
The Quality Education India development impact bond tied payment to literacy and numeracy.
| Instrument | Development impact bond |
|---|---|
| Amount | USD 11m |
| Investor | UBS Optimus Foundation |
| Convener | British Asian Trust with outcome-funding partners |
| Investor return | 8 percent target |
| Outcome metric | Learning gains, grades one to five, in Delhi, Rajasthan and Gujarat |
More than 300,000 primary school children
Four intervention types combined
For you: education can be financed on outcomes when learning is measured, which answers the no-revenue question.