Goodbye Malaria: Mozambique Malaria Performance Bond

Nando's and partners committed to establishing the Goodbye Malaria Trust (GMT), to pilot the Mozambique Malaria Performance Bond (MMPB). MMPB is a development impact bond that aims to address the funding gap for malaria interventions by increasing funding for, and the efficiency of, malaria interventions through a pay-for-performance mechanism.

Goodbye Malaria: Mozambique Malaria Performance Bond

Nando's has joined a public-private partnership that has designed the Mozambique Malaria Performance Bond (MMPB), a development impact bond (DIB) which aims to address the funding gap for malaria interventions by increasing funding and efficiency for malaria interventions through a pay-for-performance mechanism. It will achieve this goal through: 1) a structure of sharing risk and returns across a range of stakeholders including public and private funders, impact investors, and health implementing organizations; and 2) a performance-based approach for NGOs implementing the malaria program that ties payment to impact outcome targets. The MMPB aims to cover 90% of the population at-risk with LLINs and 85% with IRS in the targeted areas.

Through its commitment, Nando's intends to set up the structural and financial mechanisms to oversee the MMPB, including the Goodbye Malaria Trust (GMT) and the Bond Against Malaria Mozambique (BAMM) Operating Company, which will ensure efficient roll-out of the MMPB, in partnership with Dalberg Global Development Advisors and AngloAmerican. Through the GMT, Nando's and BAMM are working with the Mozambique Ministry of Health to coordinate the program's implementation in the Maputo province, with the goal of launching a three-year pilot bond in January 2014.

The bond will raise money from impact investors looking for a financial and social return. If the malaria interventions are effective in reducing incidence rates by 30% or more by year three, the MMPB will repay investor principal with 5% interest. If the interventions are ineffective, investors are repaid 50% of their principal, with no interest and funders are absolved of further commitments.

Partners

  • Nando's

    Goods Supplier, Service Providers
    Staff size: Unknown

    Nando's is a South African casual dining restaurant group originating from the Mozambican–Portuguese community with a Portuguese/Mozambiquan theme. Founded in 1987, Nando's operates about...

  • Dalberg

    Development Consulting
    United States | Staff size: 251-500

    Dalberg is a collection of impact-driven businesses seeking to champion inclusive and sustainable growth around the world. Dalberg enterprises work together to attract and develop the best and...

  • Anglo American plc

    Goods Supplier
    United States | Staff size: 10,000+

    Anglo American plc is one of the world’s largest mining companies. Founded in 1917, it is headquartered in London, United Kingdom and has over 100,000 permanent employees. The...

  • Coca-Cola Foundation

    Foundation
    United States | Staff size: Unknown

    The Coca-Cola Company is a local business on a global scale. As our business has expanded over the years, so has our community support grown to create and support projects most...

More Resources

Key Information

LocationMozambique, Southern Africa
StatusAnnounced
  • Start Date 2013
  • End Date 2015
  • ValueUSD 25 Million
    Sectors