Nigeria, Mali, DRC
ICRC-INDEPENDENT EVALUATOR FOR THE HUMANITARIAN IMPACT BOND
Philanthropy Advisors has been mandated by the first Humanitarian Impact Bond (HIB) consortium as the official “Independent Evaluator”. The consortium is made of Government Development Agencies (UK, Switzerland, Belgium, Italy) as well as La Caixa Foundation a private Spain-based charity, two major Law Firms, two major Insurance Companies, Lombard Odier Bank and KOIS Invest.
The Impact Bond funds ICRC new physical rehabilitation centres in Africa (in the Democratic Republic of the Congo, Mali and Nigeria) and the running of them over a given period, providing services for thousands of people.
The “outcome measure”, that determines how much the outcome funders pay, is the ratio between the “staff efficiency ratio” (SER) in the new centres over that of the benchmark centres. SER is calculated as the number of beneficiaries who regain their mobility per mobility-device professional employed in the centre (i.e. prosthetist or orthotist).
Philanthropy Advisor’s mission is to set the SER benchmark and to evaluate after five years the SER in the new centres and report the findings to the outcome funders and social investors.
(Photo credit: M. Kokic/ICRC)