A new education funding project using social impact bonds (SIBs) seeks to help increase the number of children ages 3-7 enrolled in preschools in disadvantaged urban areas across Uzbekistan. The planned program is made possible through a $4.85 million grant provided by the World Bank’s Global Partnership for Results-Based Approaches (GPRBA).
This paper outlines the potential contributions of impact bonds to the World Bank Group’s Maximizing Finance for Development (MFD) approach. The MFD approach is in part a response by the World Bank Group to the 2030 Sustainable Development Agenda.
Over 75 bilateral cooperation agencies, multilateral development institutions, and private foundations participated in third annual Impact Bonds Working Group (IBWG) held in Washington, DC at the World Bank (February 26-27) and co-organized by GPRBA.
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 them more substantial while others had mixed results.
Output-based aid (OBA) is highlighted in the first issue of Handshake, the quarterly journal of the International Finance Corporation (IFC) on public-private partnerships (PPPs), as an approach supports PPPs by facilitating access to basic infrastructure and social services
This two-paged fact sheet from the IFC's Private Advisory Services includes information on the project's background, the World Bank's role (including that of GPOBA), the PPP structure and bidding, and the post-tender results. The West Bank Solid Waste Management project, signed in September 2013, is the second project in this new sector for GPOBA, and its first one for West Bank & Gaza.