Convergence and Brookings Institution have published a report on "Impact Bonds in Developing Countries: Early Learnings from the Field".
Their analysis indicates the wide range or deals in design phases in developing countries, ranging in terms of country, sector, size of returns and evaluation methodology. Emerging from the analysis, the recorded discussions in a one-day workshop with practioners, and in-depth interviews with stakeholders from the contracted deals have identified 5 key issues in the design and implementation, which this report will explore:
1. Identifying appropriate interventions and service providers.
2. Managing relationships with government and donor outcome funders.
3. Identifying metrics and structuring payments.
4. Developing the operating model, structuring the vehicle, and raising capital.
5. Implementing the impact bond and measuring impact.
