REPORT: IMPACT BONDS IN DEVELOPING COUNTRIES: Early Learnings from the Field

    Excerpt from Introduction:

     

    "In 2015, the Brookings Institution published a report on the potential and limitations of impact bonds, which chronicled the development of the first 38 impact bonds in high-income countries and analyzed the landscape (Gustafsson-Wright et al., 2015).

     

    This report takes the field further forward, exploring the lessons learned in the development of impact bonds in low- and middle-income countries, bringing together the findings from interviews with stakeholders and research into the impact bond space conducted by the authors over the course of a year.

     

    In addition, the report draws on discussions from an intensive daylong workshop held in London in November 2016, in which impact bond practitioners from developing countries shared their experiences and early lessons learned.

     

    The report includes a Deal Book with detailed fact sheets for all impact bonds in developing countries, featuring both the four contracted and 24 in design phases, as of August 1, 2017"