Design memo: Village Enterprise Development Impact Bond for Poverty Alleviation
Instiglio, Jan. 2018. | Instiglio authored |

This Design Memo outlines the components of the Village Enterprise Development Impact Bond, which seeks to improve the income levels of 13,000 households living in extreme poverty in Kenya and Uganda. In this project, payment to Village Enterprise (the implementer) will be made 100% on the achievement of verified outcomes, which is a first and bold experiment in international development.

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A practitioner’s guide to Results-Based Financing: Getting to impact
Instiglio, Oct 2017. | Instiglio authored |

Through this open source guidebook, we are sharing the expertise, practices, design frameworks, and other insights and lessons we have acquired and developed thus far. We hope it will impart a deeper understanding of where to apply RBF and how to design high-quality and successful RBF projects

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Lessons from a Development Impact Bond
By Avnish Gungadurdoss
August 19th, 2016. | Instiglio authored | 

In this article, Avnish Gungadurdoss shares Instiglio’s experience during the first year providing hands-on performance management support to Educate Girls, helping them take on the challenges in the first ever Development Impact Bond (DIB); where the stakes are high and all funding is tied to results.

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Perspectives on impact bonds: The next five years for international development.
By Michael Eddy.
Brookings, Oct. 2015. | Instiglio authored |

This article was published as part of a blog series on the potential and limitations of impact bonds. Michael Eddy writes about his journey into impact bonds and provides thoughtful insights about the value of these instruments as means to drive more cost-effective service delivery in international development. He concludes that  “as we look towards the next five years of impact bonds, we need to be thinking explicitly about how we develop a learning agenda to help understand when, how, and why impact bonds.”

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Design Memo: Educate Girls Development Impact Bond
By Instiglio.
May 20th, 2015. | Instiglio authored |
This document outlines the components of the Educate Girls Development Impact Bond. A joint project between the Children’s Investment Fund Foundation, Educate Girls, the UBS Optimus Foundation, IDinsight, and Instiglio to increase enrollment for girls and learning for all children in the district of Bhilwara in rural Rajasthan, India. Girls’ education in India is a pressing issue that has motivated the stakeholders and Instiglio to pursue the rigorous and collaborative approach offered by a DIB to improve the educational experience girls in Rajasthan receive.

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The Application of Social Impact Bonds to Universal Health-Care Initiatives in South East Asia.
By Michael Belinsky, Michael Eddy, Johannes Lohmann, and Michael George.
WHO South-East Asia Journal of Public Health, July 2014. | Instiglio authored

This paper describes Social Impact Bonds (SIBs) and their potential application to health-care initiatives in South-East Asia. SIBs have the potential to improve the efficiency of government health-care spending in the region and advance the goal of universal health care by improving the efficiency of health-care service providers and by motivating providers to expand coverage.

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Social Impact Bonds & Education in Latin America.
By David Bloomgarden, Michael Eddy,and Zachary Levey.
GEMS Education Solutions, Multilateral Investment Fund. March 2014. | Instiglio authored

This paper seeks to generate initial discussion on the application of Social Impact Bonds, an innovative, social sector, financing model to the education sector in Latin America and the Caribbean. Additionally, it will investigate where, within the education field, a SIB arrangement could apply, and what the opportunities and challenges are related to bringing Social Impact Bonds to the Latin America context.

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Designing a Social Impact Bond in the Tropics.
By Michael Belinsky and Sebastian Chaskel
Stanford Social Innovation Review, Nov. 2012.
| Instiglio authored |

In this document, the authors share five lessons on how to design and implement a SIB in a developing country. They acquired this insight through conversations in North and South America, Africa and India during the process of “selling” the idea to governments, service providers, development agencies, potential investors and foundations.

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Scaling Tuberculosis Treatment through a Social Impact Bond White Paper.
By Michael Eddy.
Instiglio, September 2012. | Instiglio authored

This paper describes one of several potential applications of social impact bonds to international development – the financing, adoption and scaling of evidence-based practices to improve tuberculosis (TB) treatment outcomes. The author chose TB because it made for an excellent case study of a SIB, given that outcomes are easily measured, regularly collected and directly aligned with government cost-savings. According to his estimates, for South Africa alone, up to $90 million could be saved annually by scaling evidence-based practices.

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Fighting Malnutrition through a Development Impact Bond.
By Michael Eddy and Michael C. George.
Instiglio, 2012. | Instiglio authored

Development Impact Bonds (or their variant, Social Impact Bonds) can be a powerful tool to test, innovate, and scale-up efforts targeting child malnutrition. Child malnutrition, stunting, and other growth deficiencies are associated with significant long-term health, education, and labor market costs. Yet, cost-effective interventions exist that, if implemented today, would yield significant returns to investment. By linking payment to results, SIBs could improve the effectiveness of scarce public health resources and accelerate the expansion of evidence-based interventions. This document provides a short introduction and considerations for the implementation of SIBs targeting malnutrition in low and middle-income countries.

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The Rise of Results-Based Financing in Education
World Bank Group, 2015. | External sources

“This brief outlines the WBG’s increasing level of support for RBF in education — following the successful adoption of a related approach in the health sector — and the strategic implications of this trend in the post-2015 period. RBF could have a substantial impact in terms of achieving results that matter in education, and in helping countries leverage the financial resources needed to achieve the ambitious Sustainable Development Goals agenda.”

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Funding for Results: A Review of Government Outcomes-Based Agreements.
The Beeck Center for Social Impact & Innovation at Georgetown University, Nov. 2014. | External sources

“The Beeck Center is proud to provide this resource to policy makers around the world. We hope this enables them to create sustainable programs that yield results. The report offers a framework for government on how to align incentives to ensure public funds are managed to achieve social outcomes,” said Sonal Shah, Executive Director of the Beeck Center.

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Investing in Social Outcomes: Development Impact Bonds.
Report by Development Impact Bond Working Group.
Center for Global Development, October 2013.
| External sources

“This report shows how DIBs could work in developing countries, outlines its advantages over alternative funding mechanisms, and offers recommendations for developing a viable DIB market. Six case studies illustrate the breadth of social issues to which the approach can be applied, and a technical section lays out considerations for the design of DIBs for audiences interested in their implementation.”

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