To make this a reality, the UBS Optimus Foundation focuses on high-impact, innovative programs that help ensure children are safe, healthy, educated and ready for their futures. Investment in social outcomes As social investor, UBS Optimus Foundation is providing up-front working capital to frontline NGOs so they can get to work improving education. Repayment and returns fund further philanthropic programs. IDinsight leads learning partnerships across Asia and Africa, working with governments, multilaterals, foundations, social businesses and innovative NGOs to generate and use evidence to improve their impact. In a collective effort, various stakeholders came together to support EG in preparing to scale their model as well as to create benchmarks and a common framework for sector-wide impact. Teaching and Learning: Achieving Quality for All. An outcome payer agrees to pay for the social outcomes that are achieved by a program. And so they have the potential to shift the development sector to focus on results and bring in substantial new capital to create social impact at a far greater scale," said Phyllis Costanza, CEO, UBS Optimus Foundation. The outcome funders repay the social investor — with a possible return — if learning outcomes are achieved. Its education program was implemented in rural areas of the state of Rajasthan and ran from to
The world's first Development Impact Bond in education surpasses both target outcomes.
Learn how we brought girls back to school and improved learning. The world's first healthcare development impact bond aimed at reducing the number of maternal and newborn deaths in Rajasthan, India, launches today. InUBS Optimus Foundation joined forces with partner organizations to find a solution and launched the first Development Impact Bond (DIB) in education.
Investors receive a return only if the outcomes are achieved.
$11 million development impact bond launched to improve education
More information at ciff. While traditional funding streams are under severe pressure, innovative financing mechanisms, such as DIBs, are a complementary tool and will play a major role in attracting new private capital to solve some of the most pressing global needs. In partnership with the government, EG creates community ownership that encourages enrollment and retention of girls in schools and ensures effective learning outcomes for all children through the deployment of a remedial, activity-based curriculum.
This consortium of government, private sector, not-for-profits plans to double the DIB in size in the coming years.
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Child education World's largest education impact bond makes the grade by Maya Ziswiler, Head of Social Finance at UBS Optimus Foundation; 28 Aug. World's largest Education Development Impact Bond launched in India. Global leaders come together to raise initial $11m to improve quality of.
By aligning investment in projects with outcomes achieved, this type of outcome-based funding ensures maximum impact for the money spent.
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These include:. UBS Optimus Foundation is under no obligation to update or keep current the information contained herein. Tweet Youtube. Its education program was implemented in rural areas of the state of Rajasthan and ran from to The DIB is providing a crucial resource to allow us to train principals and teachers in integrated schools and drive up the quality of education for children in Gujarat.