10:00—11:30 AM
Center for Global Development
2055 L St, NW
- Fifth Floor
Washington, DC 20036

Designing Impact Bonds: Lessons Learned from the Instiglio Experience


Avnish Gungadurdoss, Co-Founder and Managing Partner, Instiglio


Amanda Glassman, Senior Fellow, Center for Global Development


Results-Based Financing (RBF) is a funding modality increasingly used to enhance the effectiveness of development spending. By tying funding to pre-defined and rigorously measured outcomes, RBF focuses delivery incentives on results and improves the cost-effectiveness of programs.

Instiglio has championed the systematic expansion of RBF for social programs, notably through the world’s first Development Impact Bond (DIB) in education (Educate Girls Development Impact Bond) completed in India with positive results, including 160% achievement of its learning outcome target. Instiglio continues to pioneer RBF approaches in low- and middle-income countries, helping governments and other development practitioners improve effectiveness via financing programs based on results and sustaining improvement through performance management.

In this event, Instiglio’s Co-founder and Managing Partner, Avnish Gungadurdoss, will share knowledge from Instiglio’s experience, speak to the latest trends, and generate awareness and interest in RBF mechanisms and their potential to unlock greater impact. Specifically, Avnish will share:

- Instiglio’s experience and the key lessons learnt from designing and implementing impact bonds in international development; from the importance of performance management, to how incentive structures have played out on the ground, to how risks of perverse behavior and other challenges were addressed in various geographies.

- Key insights on how the RBF space is evolving towards piloting outcomes funds, a new kind of infrastructure to facilitate systematic and results-oriented sectoral innovations. Avnish will anchor the conversation on Instiglio’s practical experience and involvement in various outcomes funds which seek to improve results in various sectors, such as poverty alleviation and health.

We will host a networking brunch immediately following the discussion.

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