In a new article, Education Outcomes Fund (EOF) CEO, Dr. Amel Karboul, spoke with the Financial Times’ Global Education Editor, Andrew Jack, about EOF’s plans to help tackle the global learning crisis by scaling outcomes-based funding in education. The article, which is part of a special report on impact investing by FT Moral Money, also featured insights from the Chair of EOF’s Executive Committee, Sir Ronald Cohen.
The article explains how outcomes-based programs aimed at improving education for children in lower-income countries have become a new focus for investors. It highlights how these programs can provide a more effective way to “expand funding from the private and non-profit sectors to improve education through incentives and greater accountability.”
Highlighting EOF’s results-based approach, our recent move to become an independent trust fund hosted by UNICEF, and our global expansion, Dr. Karboul said:
“We are doing something new and innovative that requires a big mindset shift...The aim is to deliver results that are transformational for social change, paying for success when achieved and creating space for private investors to jump in.”
Looking ahead at the future expansion of outcomes-based funding, Sir Ronald Cohen had high expectations and expressed his confidence that interest in these initiatives will continue to grow:
“Impact investing will evolve in a similar way to venture capital in kicking off the high-tech industry…I wouldn’t be surprised if paying for success raises $1tn. The idea can spread much more widely and it will grow because it delivers much better results per pound spent.”
You can read the full article here.