The world’s first Development Impact Bond in WASH is on track to achieve its goals after one year of implementation. iDE, The Stone Family Foundation, and USAID reflect on the progress they’ve made toward the goal, and the lessons learned from this joint effort to increase access to sanitation in rural Cambodia in a new report. The DIB aims to help eradicate open defecation in Cambodia and accelerate the Royal Government of Cambodia’s efforts to reach universal sanitation.
Innovative finance is an important tool for bridging the financing gap for SDG 6. Yet WASH has proved challenging for impact investment—despite great interest.
The Cambodia Rural Sanitation Development Impact Bond is the world’s first DIB in WASH. It is a nearly $10m partnership between iDE, the Stone Family Foundation and USAID to achieve 1,600 open defecation free villages, in support of the Cambodian government’s goal of universal sanitation by 2025.
The DIB demonstrates how innovative finance can help achieve national sanitation outcomes, and can provide important insights for others looking to develop similar mechanisms.
This session will start with a brief introduction to the DIB and then share how it was developed from the perspective of the three partners, including key lessons , such as:
Ensuring the right finance at the right time.
Aligning incentives and playing to organizational strengths.
Focusing on social outcomes in line with national government strategy.
The audience will then be invited to pose questions to the panel and to share their experiences of innovative WASH financing.