An Overview of Evidence Regarding the Impact of Impact Bonds as Innovative Financing Mechanisms for Education in Development Contexts

This report reviews financing options for urban infrastructure, including social impact bonds and Public-Private Partnerships (PPPs), and examines their impact on education in development contexts. It outlines frameworks for evaluating private finance mechanisms, governance models, and risk-sharing tools. The authors recommend more robust impact benchmarking and stakeholder alignment to ensure equitable service delivery, highlighting challenges in implementing impact bonds for educational outcomes.