Philanthropic foundations launch $11m impact bonds to improve education in India

Photo: Reuters

A group of global philanthropic foundations, including UBS Optimus Foundation, British Asian Trust, Michael & Susan Dell Foundation, and Tata Trust Tuesday announced a ‘development impact bond’ (DIB) worth $11 million and promised to double the fund size in the coming days to improve the education outcome of 300,000 students in Delhi and Gujarat.

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