Can impact bonds help solve the global education crisis?

A view of an empty classroom at a school, as Lebanon's education system is in limbo with multiple challenges, in Beirut, Lebanon, June 8, 2020. Picture taken June 8, 2020. REUTERS/Mohamed Azakir

Ten years remain for the world to achieve the Sustainable Development Goals, including inclusive and equitable quality education for all. But the global learning crisis, made worse by the coronavirus pandemic, demands solutions at-scale for governments around the world. How to achieve the financing required to deliver quality education? One solution links payment to achievement of outcomes through social and development impact bonds

On this episode, two experts discuss the global crisis in education, and also the opportunities and challenges of impact bonds for education. Emily Gustafsson-Wright is a fellow with the Center for Universal Education at Brookings, and Jaime Saavedra leads the Education Global Practice at the World Bank Group and is a former minister of education in Peru.


What happens in an outcome-based financing model when a major crisis hits?

The global impact bond market in 2019: A year in review

The education (negative) twin shocks, and the opportunity they bring (World Bank blog)

Have you heard of impact bonds? (World Bank)

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