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Education Impact Bond for India
February 13 , 2018
2347 days
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- Britain's Prince Charles has launched a new 10-million-dollar Development Impact Bond (DIB) to help improve education for over 200,000 children in India.
- The DIB, the largest bond of its type in South Asia, is the latest fundraising initiative by the British Asian Trust (BAT), set up by the royal 10 years ago to fight poverty in South Asia.
- It was announced at the event held to celebrate the 10th anniversary of the British Asian Trust.
- The new bond has been launched by the trust with the support of the UK government's Department for International Development (DfID), Comic Relief, the Mittal Foundation and the UBS Optimus Foundation.
- It is intended to improve literacy and numeracy learning levels for primary school students from marginalised communities in the country.
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