Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

UBS philanthropic arm leads first maternal-health DIB



The UBS Optimus Foundation is backing a $3.5 million development impact bond for Rajasthan, India, that aims to reduce the state’s maternal and infant mortality rate, among the highest in the country.

The “Utkrisht” bond (Hindi for “excellence”) hopes to prevent 10,000 deaths over the next five years by expanding private neonatal health and delivery services to 600,000 women.

Palladium developed the bond and program, and two non-profit organizations — Population Services International and the Hindustan Latex Family Planning Promotion Trust — will be implementing it. They are both investing capital alongside UBS Optimus. USAID and pharmaceutical company Merck’s maternal health program, MSD for Mothers, are contributing $8 million in funding, pending the success of the program.

Development impact bonds cover pay-for-success initiatives and are backed by development institutions; they differ from social impact bonds, which are typically government-backed. Only a handful of DIBs have successfully launched, including an education DIB also in Rajasthan. Healthcare appears to be a major focus for others that are in the works.

You might also like...