The Quality Education India DIB will help hundreds of thousands of children get the education they need to succeed.

India has made enormous progress in education to achieve a 99% rate of primary school access.

The Sustainable Development Goals have now focused attention on improving the quality of education to ensure that children in school are actually learning.

A typical student in India is at least two grades behind the level expected for their age in literacy and numeracy.

The Quality Education India Development Impact Bond (DIB) supports Indian education providers to improve learning outcomes for primary school children through an innovative results-based funding mechanism.

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Over four years, the Quality Education India DIB will enable hundreds of thousands of children to improve their literacy and numeracy, contributing to a significant improvement in their life chances, and providing them with the skills to bring themselves out of poverty.

Our objectives

Educational

Improve literacy and numeracy skills for primary school children by tying funding to learning outcomes.

Financial

Increase the amount of private, philanthropic, and public funding allocated to outcomes-based development initiatives.

Systemic

Demonstrate the benefits of outcomes-based funding to drive innovation in the global education sector.
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The Quality Education India DIB is the largest education DIB in the world, and the first to bring together a broad coalition of private, not-for-profit, and public sector partners. This diverse partnership delivers the scale and expertise needed for the DIB to achieve its ambitious objectives.

How the Quality Education India DIB works

 

The DIB is a results-based finance mechanism, so the outcome funders only pay for successful results. If the target outcomes are not achieved, the funders do not pay.

 

The learning outcomes to be measured are agreed upon at the outset and independently verified. This applies efficiency and discipline to development funding.

 

The risk investor provides working capital to enable the implementing partners to deliver education interventions. The investor will recover its initial investment and earn a return if the interventions achieve their target outcomes. This return will be reinvested elsewhere for social good.

 

The DIB’s focus on outcomes transforms the traditional approach to grant-making and philanthropy. Every partner in the DIB is incentivised to achieve learning outcomes, not just deliver services. The result is maximum impact for money spent.

Delivery model

Timeline

Launch

The Quality Education India DIB was launched in 2018 with the Indian government in Delhi and at the United Nations General Assembly in New York.

Implementation

The implementing partners work alongside students, teachers, and schools to improve learning outcomes in literacy and numeracy. Results are measured each year by an independent evaluator to check progress against outcome targets, and identify any areas for course correction if necessary.

Results

The final results of the DIB will be known in mid-2022. Outcome funders will release funds in proportion to the outcomes actually achieved, with an additional return to the risk investor and incentive payments to the implementing partners in the case of overachievement.