It is an innovative model where success defines the payment.
Social impact through real and measurable results.
Only after the result has been verified and confirmed by an independent entity.
Maximize efficiency, effectiveness and accountability, ensuring that resources are allocated to strategies that effectively generate the desired change.
Impact bonuses
Countries
Sectors of application
It is an innovative initiative that fosters public-private partnerships to leverage resources and assume risks; improve efficiency in the use of public resources through payment by results and generate confidence in the use of Social Impact Bonds (SIBs) to strengthen the impact investment market in Colombia.
It is financed by IDB Lab and SECO, executed by Fundación Corona.
- FUSALMO, through BIDLAB, began a process of incorporating impact investment through payment by results.
- INNOVAEDU signs an agreement with BIDLAB.
- Contracting and development of the feasibility study
- Definition of technical design through a process of contextualization of the mechanism for El Salvador and in Education.
- Pay Per Result positioning and disclosure event
- Mapping of potential suppliers
- Contracts with 2 service providers
- Articulation with MINEDUCYT
- Start of Learning Agenda
- Participation in pay-for-performance spaces
- Coordination with MINEDUCYT, definition of educational centers
- Start of implementation with service providers
- Contracting of external verification
- Meetings to create the pay-for-performance ecosystem
- GET FORUM Sponsors
Implemented thanks to the support of:
