PLY: My brilliant wife is a somewhat hyperactive supporter of the sisterhood, so maybe it’s my masculine intuition or perhaps her wondrously benign influence (it was her local Geek Girls Carrots chapter meeting last evening – that’s a women in tech group for the uninitiated) but it strikes me perhaps the biggest Win Win in this world for development, prosperity and all round wellbeing right now is the notion of DIBs which educate women otherwise excluded by antiquated sexist methodologies which hold back humanity. Hence today’s DIB is one I will never tire of covering and praising:
On July 5, the results from the first year of the world’s first development impact bond (DIB) for education in Rajasthan, India, were announced. The Center for Universal Education hosted a webinar in which three stakeholders in the DIB shared their perspective on the performance of the intervention, their learnings about the DIB process, and their thoughts for the future of DIBs and other results-based financing mechanisms.
What intervention does the DIB finance?
The DIB finances a portion of the services provided by Educate Girls, which has been working to improve enrollment, retention, and learning outcomes for girls (and boys) in Rajasthan since 2007. The organization trains a team of community volunteers ages 18 to 30 to make door-to-door visits encouraging families to enroll their girls in school and to deliver curriculum enhancement in public school classrooms. Their volunteers are present in over 8,000 villages and 12,500 schools in Rajasthan. The DIB was launched in March of 2015 to finance services in 166 schools, which represents 5 percent of Educate Girls’ annual budget. The DIB is intended to be a “proof of concept” of the mechanism using this relatively small selection of beneficiaries.