Programme to pilot the use of Development Impact Bonds - a new payment by results tool - to achieve development outcomes (DIBs Pilot).
This programme will pilot Development Impact Bonds (DIB), a new business model for tackling complex social problems in international development by financing programmes on a Payment by Results basis. This work will look at building the evidence for the suitability of DIBs in improving the efficiency and effectiveness of development programmes in areas including income generation, health and disability, by supporting a small number of projects designed by other donors or delivery partners where this financing structure is desirable and feasible. Evidence generated through the pilot will help us to understand when DIBs may be an appropriate commissioning tool, how they can be designed to support providers to innovate and deliver better outcomes, and the costs and benefits of using DIBs.
The country, countries or regions that benefit from this Programme.
The current stage of the Programme, consistent with the International Aid Transparency Initiative's (IATI) classifications.
Programme budget and spend to date, as per the amounts loaded in financial system(s), and for which procurement has been finalised.
Help with participating organisations
Accountable:Organisation responsible for oversight of the activity
Extending: Organisation that manages the budget on behalf of the funding organisation.
Funding: Organisation which provides funds.
Implementing: Organisations implementing the activity.
Sector groups as a percentage of total Programme budget according to the OECD Development Assistance Committee (DAC) classifications.
A comparison across financial years of forecast budget and spend to date on the Programme.