Publications - Instiglio



We aim to catalyze more effective public and development spending by pushing the frontiers of innovative financing, experimenting with new approaches, and sharing the expertise, design frameworks, and other insights and lessons we acquire every day.

Learning Agenda for the Living Goods Scaling-up Results-Based Financing for Community Health Program


This Learning Agenda presents an evaluation of the community health-focused Results-Based Financing (RBF) mechanism that was deployed by Living Goods in Uganda between 2020-2022. The aim of the RBF mechanism was to improve the cost-effectiveness and quality of community health services for underserved and at-risk populations. The document consolidates insights from the program, assessing the extent to which its objectives were achieved and presenting key lessons learned.

RBCF to Support Mitigation Policies in Developing Countries


This note seeks to inform the use of results-based climate finance (RBCF) by World Bank trust funds for the implementation of climate change mitigation policy in low- and middle-income countries. The note outlines the role RBCF can play in support of the implementation of climate change mitigation policy and outlines how RBCF can be designed and applied to this end.

Catalyzing Climate Results with Pull Finance

Residential A/C and Agricultural stubble burning cases


In a project with the Center for Global Development (CGD), Instiglio argues that pull financing is an underutilized tool with the potential to drive the development and adoption of critical technologies necessary to address the globe’s climate crisis. These can deliver urgently needed climate results and support development objectives across low and middle-income countries.

Village Enterprise Development Impact Bond

Final Process Review


This review examines the impact of using an impact bond rather than a traditional funding model to implement Village Enterprise’s poverty graduation model. It aims to determine if this approach affected the program’s implementation and if the impact bond design was cost-effective for instrument design and implementation efforts.

Subnational Competitiveness Grants



This guidebook provides practical advice to stakeholders, including governments and development practitioners, on assessing the relevance of an SCG (Subnational Competitive Index) to specific contexts and designing and implementing an SCG program to maximize impact and minimize risks.

Practical Guide to Results-Based Financing

for Water and Sanitation


This guide offers guidance on using the Results-Based Financing (RBF) mechanism in water and sanitation programs to improve the management of Public Service Companies (PSCs). It includes essential elements and questions to consider when structuring RBF mechanisms, especially for developing pilots.

Designing a Results-Based Financing Model

Recommendations & Guidelines


The document provides guidance on designing a Results-Based Financing Model and covers key concepts related to payment metrics, performance targets, payment structures, and analyzing incentive schemes for decentralization. The objective is to offer guidance on creating a flexible model that can meet the implementer’s requirements or goals.

The COVID-19 Adaptation Fund

Learning Agenda Report


Instiglio and Global Development Incubator launched COVID-19 Adaptation Fund to support service providers in Kenya and Rwanda. The report highlights successful digital and social protection innovations that improved access to government social protection and met beneficiary needs during the pandemic.

Learning Agenda of the First Social Impact Bond in a developing country

Executive Summary


Instiglio conducted a process evaluation of the first social impact bond in a developing country (Colombia)with SIBs.CO. This study shares the learnings acquired from the design and implementation phases of the impact bond. It seeks to promote and motivate more governments and stakeholders to use results-based approaches as innovative solutions in public policy.

Learning agenda – First social impact bond in a developing country



Instiglio conducted a process evaluation of the first social impact bond in a developing country (Colombia)with SIBs.CO. This study shares the learnings acquired from the design and implementation phases of the impact bond. It seeks to promote and motivate more governments and stakeholders to use results-based approaches as innovative solutions in public policy.

Results-based financing to enhance the effectiveness of Active Labor Market Programs


Instiglio prepared a thought-leadership report assessing the potential of results-based financing to enhance Active Labor Market Programs (ALMPs) and improve the livelihoods of vulnerable populations, particularly women and youth. Our research demonstrated that ALMPs often fall short of the desired results due to problems which RBF can help address.

A guide for effective results-based financing strategies


Instiglio was engaged by GPRBA to create a report that gives strategic guidance and diagnostic tools for development practitioners and funders seeking to enhance their impact with results-based financing (RBF). It provides guidance on when to use RBF, what types of RBF instruments are suitable for different objectives and context, and what type of RBF design features should be considered to maximize impact.

Sector note: RBF in agriculture and land administration


A variety of factors constrain the agriculture and land administration sectors such as quality inputs, knowledge, infrastructure, market access and affordable credit. In response, international development agencies are exploring innovative financing mechanisms to bridge these gaps. This Sector Note provides an analytical framework for the application of results-based financing in agriculture and land administration interventions.

Design memo: Village Enterprise Development Impact Bond for poverty alleviation


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.

A practitioner’s guide to results-based financing: Getting to impact


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 results-based financing projects.

Design memo: Educate Girls Development Impact Bond


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.

Funding for results: A review of government outcomes – based agreements.


“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 the 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.

Investing in social outcomes: Developing impact bonds


This report shows how development impact bonds (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.

Fighting malnutrition through a development impact bond


Development impact bonds (DIBs) (or the variant, social impact bonds (SIBs)) can be a powerful tool to test, innovate, and scale-up efforts targeting child malnutrition. 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 considerations for the implementation of social impact bonds targeting malnutrition in low and middle-income countries.

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