Uzbekistan Early Childhood Education Social Impact Bond
The project aims to increase access to quality early childhood education services to children ages 3-7 enrolled in preschools across Uzbekistan. The funding uses social impact bonds to incentivize private-sector service provision in urban areas of Uzbekistan. The $4.85 million grant provided by the GPRBA is complemented by and is a component of the World Bank’s Promoting Early Childhood Development Project financed through a $59.5 million credit from the International Development Association (IDA), with an additional grant of $9.5 million from the Global Partnership for Education (GPE). The project aims to increase enrollment to at least 40 percent of children aged 3-7 in local preschools. Currently, only 29% of pre-school aged children are enrolled in school.
The project became effective in December 2019 and currently a competitive selection of investors and Lead Contractors in underway. The Social Impact Bond is expected to be launch in September 2020.