Development Impact Bonds – Elizabeth Littlefield and Toby Eccles
The CGD and Social Finance Development Impact Bonds Working Group is designing a new type of investment vehicle to attract private investors who want to do good and do well while delivering development outcomes. My guests this week are two of the group’s three co-chairs: Elizabeth Littlefield, President and CEO of the US Overseas Private Investment Corporation; and Toby Eccles, founder and Development Director at Social Finance, a UK-based non-profit that has pioneered a similar investment vehicle, the Social Impact Bond or SIB.
I recently spoke with Elizabeth and Toby following the working group’s second meeting here in Washington. Owen Barder, the third co-chair, joined the meeting via video link from London and did not join us for the Wonkcast.