Educate Girls Development Impact Bond: Final Evaluation Report

Educate Girls Development Impact Bond: Final Evaluation Report

A program in India funded by the world's first development impact bond (DIB) exceeded its targets for learning gains among boys and girls in grades three through five in rural Rajasthan as well as the enrollment of out-of-school girls, a report from IDinsight, in partnership with the Children's Investment Fund Foundation (CIFF), Educate Girls, Instiglio, and the UBS Optimus Foundation, finds. According to Educate Girls Development Impact Bond: Final Evaluation Report (33 pages, PDF), the DIB was launched in 2015 with an upfront investment from the UBS Optimus Foundation and CIFF guaranteeing the investment plus interest if the program met its targets. Learning gains, which accounted for 80 percent of the outcome-related payments, were calculated by comparing gains for children in schools participating in the program with gains for children in control schools, while enrollment of out-of-school girls, which accounted for 20 percent of the outcome-related payments, was calculated as the percentage of eligible out-of-school girls enrolled by the end of the three-year program. By training community volunteers to make door-to-door household visits and deliver a child-friendly supplementary reading and math curriculum, the program saw a 28 percent greater average learning gain among participating students versus students in control schools, exceeding the target by 60 percent, and enrollment of 92 percent of eligible out-of-school girls, well above the 80 percent target.

FEATURED CONNECTIONS