Case Study: Educate Girls Development Impact Bond

This case study details the Educate Girls Development Impact Bond (DIB) in rural Rajasthan, India, aimed at increasing girls' enrollment and improving learning outcomes. The DIB incentivized an NGO through performance-based payments from an investor (UBS Optimus Foundation), repaid by an outcome payer (Children's Investment Fund Foundation) upon achieving predefined targets. The bond successfully exceeded enrollment and learning targets, demonstrating a viable financing mechanism for ambitious social results.