Results Based Financing
What is Results-Based Financing?
Results-based financing (RBF) describes a set of innovative approaches that make funding conditional on successfully achieving program goals. Done well, RBF may incentivize greater impact, facilitate innovative solutions, and draw new sources of funding.
Evaluating Results-Based Financing
As the nascent field of impact bonds – and RBF more generally – grows, there is an urgent need to develop a set of shared standards around what impact means, how to measure it, and how to tie it to payments.
Our innovation team is working to build these standards and share them with others doing results-based financing, informing the flow of money to programs that are truly impactful. Our larger goal is to help organizations using RBF deliver on its potential to prioritize and reward social impact.
Past, Present, and Future Projects
IDinsight has provided evaluation support to a number of bonds and outcomes funds, including:
As the evaluator on the Educate Girls Development Impact Bond (DIB), the first education DIB and the first DIB in Asia
Currently the evaluator on the Village Enterprise DIB, the first DIB for poverty alleviation in Africa
Conducted a situation assessment and baseline study to inform a development impact bond in Cameroon to scale-up Kangaroo Mother Care (KMC), a method of care for low birth weight and/or preterm newborns.
Currently advising the Education Outcomes Fund for Africa and the Middle East on evaluation strategy for their flagship project in Ghana, which aims to expand access to education for out-of-school children in disadvantaged districts.
Currently advising KOIS on evaluation design for an upcoming DIB on adolescent reproductive health in Kenya.
“The Great DIB-ate: Measurement for Development Impact Bonds” – Stanford Social Innovation Review
“Are Impact Bonds Worth It? How New Outcome Funds Could Help Answer an Open Question” – Center for Global Development
Other media coverage:
“Development impact bonds are costly, cumbersome -- and good” – The Economist