Connect with us :

World’s largest development impact bond worth $11 million launched to improve quality education in India

View
Like
Share
Photo: (From Author Site URL)
Date: 12 Sep 2018 | by: Prashant K. Nanda | Story Source: LiveMint ~ Go to Original Article

The first phase of the fund raised $11 million and the consortium wants to use this as a springboard to double the size of the development impact bond.

New Delhi: A group of global philanthropic foundations, including UBS Optimus Foundation, British Asian Trust, Michael & Susan Dell Foundation, and Tata Trust Tuesday announced a ‘development impact bond’ (DIB) worth $11 million and promised to double the fund size in the coming days to improve the education outcome of 300,000 students in Delhi and Gujarat.

This is the largest education DIB in the world and is an innovative education financing model based on measurable outcome rather than…


CONTINUE READING AT AUTHORS WEBSITE >>


Related Articles

Arts for transformative education: a guide for teachers from the UNESCO AssociatedSchools Network

Arts for transformative education: a guide for teachers from the UNESCO AssociatedSchools Network

Guiding Teachers to Transform Learning Through the ArtsThe arts offer tremendous potential for enriching, enlivening, and propelling learning that transforms…
Crowding Sourcing: Will It Help To Needy/Underprivileged Learners

Crowding Sourcing: Will It Help To Needy/Underprivileged Learners

Story Source: Kalinga TV ~ Go to Original Article India, as a developing country needs to pace fast with time…
Nippon Foundation Announces US$ 2m Support For The Education Of Rohingya Children In Bangladesh

Nippon Foundation Announces US$ 2m Support For The Education Of Rohingya Children In Bangladesh

Story Source: Inter Press Service ~ Go to Original Article In the light of limited access to education for displaced…