Our Fay Twersky, writing in her capacity as a UBS Optimus Foundation board member, recaps her participation in a panel on the first Development Impact Bond for education in India at the 2014 Social Capital Markets Conference for the Latest from Alliance blog:
The Educate Girls development impact bond aims to develop a pay-for-performance model in India which will provide evidence to demonstrate that more girls are going to school and that they measurably improve their skills in both reading and math. And we all know what happens when we educate a girl. It is a key step in breaking the cycle of poverty and building stable communities. As Safeena Husain, founder and executive director of Educate Girls says, ‘the development impact bond helps us fuel scale as we attempt to reach over a million girls, with funds paying only for pure impact.”