Putting Money Where the Results Are: New Insights on Improving Outcomes by Tying Funding to Results Using Rigorous Evaluation
Session Number: 2407
Track: Social Impact Measurement
Session Type: Panel
Tags: Accountability, aid effectiveness, benefit-cost analysis, Cost Effectiveness, Evaluation, Impact evaluation, International development, learning from evaluation, monitoring & evaluation, Performance management, program evaluation, RCT
Session Chair: Celeste Brubaker [Monitoring, Evaluation and Learning Director - Village Enterprise]
Presenter 1: Richard Sedlmayr
Presenter 2: Max Bode [Junior Partner - Instiglio]
Time: Nov 10, 2017 (05:30 PM - 06:15 PM)
Room: Virginia B
Theme: Learning About Evaluation Use and Users
Audience Level: All Audiences
Session Abstract (150 words):
With traditional social impact financing options, funders face challenges in identifying which programs deliver the best results at the best prices. With a Development Impact Bond (DIB), a form of Results-based Financing (RBF), 100% of funding is conditioned on externally verified evidence of success. Village Enterprise and Instiglio have developed the first-ever DIB for the poverty-alleviation sector in Sub-Saharan Africa, leveraging results of a randomized controlled trial (RCT). Payments will be linked to achievement of outcomes verified through rigorous evaluation. Results under the DIB will be compared with the previous RCT of the same program conducted under traditional financing to better understand the effect of the DIB model on cost-effectiveness of programming. Panel objectives include describing the project, general considerations for designing and implementing DIBs including the role of internal and external evaluators, and the potential for this type of evaluation-based funding to contribute to general and public welfare.
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