Results Based Financing

A school-going girl completes the ASER evaluation as part of IDinsight’s evaluation of the world’s first development impact bond.

A school-going girl completes the ASER evaluation as part of IDinsight’s evaluation of the world’s first development impact bond.

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:

Recent articles:

“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

“With So Many Financial Instruments Out There – When and How to do Results-Based Financing”NextBillion

Other media coverage:

“Development impact bonds are costly, cumbersome -- and good”The Economist

“World’s first development impact bond for education shows successful achievement of outcomes in its final year”Brookings Institute

Upcoming events:

SOCAP 2019 

Past events:

Results Release for Educate Girls Development Impact Bond

Contacts: Kate Sturla and Jeff McManus

IDinsight Comms