DUBAI, United Arab Emirates — Development impact bonds — an innovative results-based financing mechanism — are gathering momentum in the global education sector with four having been launched so far.
To find out more about the opportunities and challenges of using DIBs to improve education outcomes in low- and middle-income countries, Devex gathered a panel of three experts during last weekend’s Global Education & Skills Forum in Dubai, United Arab Emirates.
Safeena Husain, founder and executive director of Educate Girls, the India NGO, which successfully implemented the first education DIB, provided an implementer’s perspective. The three-year Educate Girls DIB, which was backed by the UBS Optimus Foundation and the Children’s Investment Fund Foundation, finished last year and surpassed its targets.