Development Impact Bonds

Development Impact Bonds

CGD has partnered with UK-based Social Finance to explore a new development financing mechanism, Development Impact Bonds (DIBs). DIBs provide upfront funding for development programs by private investors, who are remunerated by donors or host-country governments—and earn a return—if evidence shows that programs achieve pre-agreed outcomes.

To download the report of the DIB Working Group, please click here.

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Development Impact Bonds are based on the model of Social Impact Bonds, first launched in the UK as a way to shift incentives and accountability to results, transfer performance risk to the private sector, and increase efficiency in program implementation. The Development Impact Bond Working Group explored how this model can be used to improve international development outcomes and produced recommendations for the design of Development Impact Bonds and development of a market for this approach. To learn more, visit the Development Impact Bond Working Group page.

DIB Presentation for OECD netFWD
DIB Presentation for RBF Interagency Working Group
DIB Working Group Meeting 1 Presentation
DIB Working Group Meeting 2 Presentation