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

Author

Listed:
  • Alok Kumar Mishra

    (University of Hyderabad)

  • Aruna Kumar Dash

    (IBS Hyderabad, IFHE University)

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.

Suggested Citation

  • Alok Kumar Mishra & Aruna Kumar Dash, 2023. "Development impact bonds in developing countries: an emerging innovation for achieving social outcomes," Journal of Social and Economic Development, Springer;Institute for Social and Economic Change, vol. 25(1), pages 22-48, December.
    • Handle: RePEc:spr:jsecdv:v:25:y:2023:i:1:d:10.1007_s40847-022-00213-0
    DOI: 10.1007/s40847-022-00213-0
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    Keywords

    Development impact bonds; Social welfare; Public–private partnership; Results-based finance; SDGs;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

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