NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Friday, December 8, 2017

Mark Green, administrator of the U.S. Agency for International Development, will announce a new development impact bond aimed at reducing maternal and newborn deaths in India, during the closing plenary of the 2017 Global Entrepreneurship Summit.

Launched Thursday, the Utkrisht Impact Bond, named for the Hindi expression for excellence, will fund maternal and newborn health in the Indian state of Rajasthan. DIBs are results-based contracts, in which investors — in this case UBS Optimus Foundation, a grantmaking organization focused on improving the lives of children — provide financing for social programs upfront.

Photo courtesy of GotCredit.