Development impact bond worth $11 million launched to improve education quality in India

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British Asian Trust and UBS Optimus Foundation have launched a development impact bond (DIB) of $11 million, to invest in NGOs and social enterprises for improving quality of education in India. With this social finance tool, the consortium aims to improve literacy and numeracy skills for more than 300,000 children. The funds will be raised from the Michael & Susan Dell Foundation, Tata Trusts, The Mittal Foundation, British Telecom and Comic Relief.

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