British Asian Trust implementing a DIB worth millions to improve the education of students in Delhi and Gujarat

Sagar Associates (JSA) advised British Asian Trust (BAT) in connection with implementing a ‘development impact bond’ (DIB) structure worth USD 11 million to improve the education outcome of 300,000 students in Delhi and Gujarat. This DIB, an innovative financing model where funding is hi

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Published - Saturday, 15 Sep, 2018

British Asian Trust implementing a DIB worth millions to improve the education of students in Delhi and Gujarat

Sagar Associates (JSA) advised British Asian Trust (BAT) in connection with implementing a ‘development impact bond’ (DIB) structure worth USD 11 million to improve the education outcome of 300,000 students in Delhi and Gujarat. This DIB, an innovative financing model where funding is hinged on measurable outcomes of the relevant social projects, has been cited as the largest education DIB in the world.

The DIB has been implemented by BAT in partnership with other philanthropic foundations such as Michael and Susan Dell Foundation, Tata Trust and UBS Optimus Foundation.