April 21

Viewpoint: Social Finance: We Can’t Change Education Outcomes if We Don’t Innovate

By Richard Hawkes

Even before the outbreak of Covid-19, we were facing a global learning crisis. The pandemic disrupted education systems worldwide and exacerbated existing challenges. As school closures led to a loss in foundational skills and increased levels of illiteracy, we tried to buck this trend with an innovative development impact bond, focussed on improving learning outcomes for students.

Photo courtesy of TESS India.

Source: Bond (link opens in a new window)

Education, Technology
development finance, edtech, impact bonds, innovation, systems change, youth