World’s largest education Development Impact Bond enables 30% more students to overcome learning gaps and achieve basic literacy and numeracy skills in Year 1
· 40% of participating schools met or exceeded their targets in improving proficiency levels, outperforming non-DIB comparison schools after one year of implementation · DIB uses innovative funding method that drives results-based outcomes to improve the quality of education in India Today, the coalition behind the world’s largest education development impact bond (DIB), reveals that year one education projects funded by the DIB in India, have helped to increase the overall number of children achieving basic education outcomes by 30%. First year results also show that 40% of schools participating in the DIB programmes either met or exceeded their targets for literacy and numeracy skills when compared to non-participating schools. Based on the learning outcomes from year one of the programme, the outcome payment for risk investors is on track, with the results averaged out over the l...