Impact-Linked Fund for Education (ILF for Education)
Despite strong progress over the past decades, ensuring an inclusive, quality education (SDG 4) for vulnerable children and youth across the globe is far from reality. The economic and social crisis caused by the Covid-19 pandemic aggravated this alarming gap. Even before the pandemic, high-impact enterprises already were important drivers of change, since they cover the unmet needs of students and teachers and offer high-quality, free, and often technology-enabled education solutions such as mobile-phone-based learning or artificial intelligence assistance.
Getting access to capital is a challenge for these enterprises, though. This is why the Impact-Linked Fund for Education will provide suitable, innovative financing instruments in the form of Social Impact Incentives and Impact-Linked Loans to high-impact organizations offering inclusive and equitable education for vulnerable children and youth in MENA and West Africa Region. In addition, a substantial amount of the fund’s target volume will be reserved for technical assistance, research and advocacy measures, which will further boost the effectiveness of this innovative approach.
In December 2021, this open-ended fund secured commitments of CHF 6 million from Swiss-based Jacobs Foundation and the Swiss Agency for Development and Cooperation (SDC) in a first closing.
-> read the press release