Development impact bonds in developing countries: an emerging innovation for achieving social outcomes

Alok Kumar Mishra () and Aruna Kumar Dash ()
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Alok Kumar Mishra: University of Hyderabad
Aruna Kumar Dash: IBS Hyderabad, IFHE University

Journal of Social and Economic Development, 2023, vol. 25, issue 1, No 3, 22-48

Abstract: Abstract This research focuses on the development of impact bonds (DIBs), a newly emerging alternative financial innovative product for financing social results in developing countries. DIBs are an agreement between several parties working towards a development goal. The idea of DIBs has not been thoroughly investigated. The various dimensions of DIBs, including their structure, evolution, conduct, and performance, are the focus of this research. This study examines the idea of DIBs specifically concerning developing countries based on an analytical review of grey literature. According to our research, when it comes to DIBs, policymakers have prioritised their policies more towards health, followed by employment and training, education, poverty reduction, and agriculture.

Keywords: Development impact bonds; Social welfare; Public–private partnership; Results-based finance; SDGs (search for similar items in EconPapers)
JEL-codes: O30 O35 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/s40847-022-00213-0

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