Imagine if you could bring private sector resources and skills to social projects. Impact Bonds (IBs) are an innovative Results-Based Financing (RBF) mechanism that tie financial returns and payments to specific results incentivizing investors and service providers.
Given the significant financing gap to meet the needs of developing countries and achieve the United Nations’ Sustainable Development Goals*, governments, multilaterals and other development partners are increasingly looking to the private sector to help fill this gap.
Accra, March 31, 2015 – The World Bank, acting as administrator of the Global Partnership on Output-Based Aid (GPOBA) has signed a US$4.85 million grant agreement with the Government of Ghana to provide sustainable toilet facilities in low income areas of Greater Accra Metropolitan Area (GAMA), Ghana’s largest metropolitan region.
News Release no. 2008/8
Cathy Russell, tel. (+1) 202 458 8124 firstname.lastname@example.org
Kafu Kofi Tsikata, tel. (+233) 21 214100 email@example.com