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Ecosystem readiness for outcomes-based partnerships: key conditions, capacities and characteristics
Caitlin williams

Caitlin Williams

Manager, Social Finance

Caitlin is a manager in the International Team of Social Finance UK where her work has been focusing on the feasibility and design stages for outcomes-based finance across a range of sectors, including early childhood education, women’s economic empowerment, and rural livelihood development. She has also recently co-developed a learning course on Development Impact Bonds for a bilateral donor.

Before joining Social Finance, Caitlin worked for OPM, an international development consultancy where she specialised in education policy and public finance for social sectors. This followed from two years in the Planning, Budgeting, Monitoring and Evaluation division in the Ghanaian Ministry of Education, which included supporting the design of public-private partnership initiatives and the development of the Education Sector Plan 2018-2030.

Celeste Brubaker

Celeste Brubaker

Vice President Impact, Village Enterprise

Celeste Brubaker is Vice President of Impact at Village Enterprise, where she focuses on developing systems and processes which will provide the best possible pathway to increasing impact, including human-centered design and data-driven decisions about the Village Enterprise poverty graduation program. She has a strong background as an International development monitoring and evaluation (M&E) professional and has worked in countries across sub-Saharan Africa, Oceania, East Asia, and Eastern Europe. She holds an MA from American University in Development Economics and a BA from Manhattan College in Economics. Prior to joining Village Enterprise, Celeste worked at IREX providing technical M&E support, and has also held positions with the International Initiative for Impact Evaluation, Search for Common Ground, the Inter-American Foundation, and WorldTeach.

Louise Savell

Louise Savell

Director, Social Finance

Louise Savell is Co-founder and Director of Social Finance and jointly leads their international development team where she advises governments, philanthropies and service providers on the design and delivery of social development programmes. She was a 2020 Blavatnik School of Government Visiting Fellow of Practice. She is passionate about driving social impact through rigorous analysis, efficient structures and effective cross-sector partnerships. She has particular expertise in outcomes-based approaches and social investment structures. She co-developed the Impact Bond approach in 2008.

Louise specialises in the development and delivery of new initiatives and has led work in health, education, nutrition, homelessness, financial inclusion and infrastructure in the UK and internationally. Before starting Social Finance, she led the Eastern European programmes of the UK-based philanthropic foundation, Ark, where she worked with government and service providers to accelerate the reform of child welfare systems towards family-based care in Bulgaria and Romania.


Dr Mara Airoldi

Academic Director, Government Outcomes Lab, Blavatnik School of Government

Mara is an Economist and Decision Analyst and holds degrees from Bocconi University in Milan and the London School of Economics and Political Science. Her research is motivated by a desire to improve decision making in government, with a special interest and extensive expertise in the field of healthcare. Mara is one of the lead developers of the STAR toolkit, a socio-technical approach sponsored by the Health Foundation to improve resource allocation in healthcare organisations.

Mara has worked extensively with managers of the English and the Italian National Health Systems. She has also consulted for the Ministry of Health and Long-Term Care in Ontario (Canada), the Home Office, the Ministry of Defence and the (then) Department for Environment, Food and Rural Affairs in England, NATO and the Global Fund to fight Aids, Tuberculosis and Malaria.


María Alejandra Urrea Garavito

Manager, Social Finance

María Alejandra is a manager in the International Team of Social Finance UK. She has worked on the feasibility and design of multiple outcomes-based funding mechanisms across various issue areas and geographies, especially Latin America and Spain. María has participated in designing two Education Outcomes Funds in Colombia and Chile, an Impact Bond to improve the socio-residential autonomy of vulnerable populations in Spain, and the design of an HIV SIB in South Africa, among others.

Before joining Social Finance, she managed the Social Impact Bonds Programme in Colombia (SIBs.CO) and supported the government in launching an employment SIB and Outcomes Fund. María has also had the opportunity of leading high-impact projects from the public sectors in entities such as the Ministry of Education and the National Agency for Overcoming Extreme Poverty in Colombia.

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Mila Lukic

Co-Founder and CEO, Bridges Outcomes Partnerships

Mila is a Co-Founder and CEO of Bridges Outcomes Partnerships where she oversees the portfolio and leads the development of new outcomes models. Mila is on the board of Positive Families Partnership and was also a Trustee for the Bridges Impact Foundation. Prior to joining Bridges in 2013, Mila’s career spanned private, public and third sector, including work as a management consultant and work for the Scottish Enterprise. Mila also helped create and run Education Generation, a crowdsourcing social enterprise focused on enabling young leaders in developing world countries to participate in some of the world’s most forward-thinking education programs. Mila holds a First-Class Honours Bachelor of Science from Simon Fraser University in Canada and an MBA from INSEAD.


Nicole Pflock

Associate Partner, Instiglio

Nicole is an Associate Partner at Instiglio, where she leads the Nairobi office and advises governments, funders, and service providers on the use of outcomes-based funding mechanisms to enhance the effectiveness of programs across various sectors, such as health, education, institutional strengthening, and poverty alleviation. For example, she led the design of a results-based financing scheme to improve the performance of the water and electricity utilities and the regulator in Sierra Leone. Nicole also supported the design of several performance-based intragovernmental transfer systems in Egypt, Sri Lanka, and Peru.

Before joining Instiglio, Nicole worked with Innovations for Poverty Action in Colombia, supporting project development and focusing on a randomized control trial that rigorously tests the impact of introducing flexible features in microfinance loans. Nicole also worked as a consultant at PricewaterhouseCoopers and Ernst & Young, where she focused on the execution of structured evaluations of the risk management system and trading processes of financial institutions.

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Radana Crhova

Impact Investing Team Leader, Foreign, Commonwealth and Development Office

Radana is Impact Investing Team Leader at the UK's Foreign, Commonwealth and Development Office. Prior to this, she was responsible for the UK's Department for International Development (DFID)’s programme piloting Development Impact Bonds. She has also worked at the Cabinet Office, including focusing on UK Social Impact Bonds in youth education and employment.


Vera Cristina Caspari Monteiro

Researcher and Professor of Administrative Law, São Paulo Law School, Getúlio Vargas Foundation (FGV Direito SP)

Vera Monteiro is a researcher and professor of Administrative Law at the São Paulo Law School of the Getúlio Vargas Foundation (FGV Direito SP), and at the Brazilian Society of Public Law (SBDP), a non-profit organisation dedicated to the study of public law in a multidisciplinary fashion. She holds a law degree from the Catholic University of São Paulo (PUC-SP) Law School (1997) and was awarded the prize for best student in that period of studies. She also holds a Master in Administrative Law from PUC-SP (2003), and a PhD in Administrative Law from the University of São Paulo (USP) (2009).

She has published several books, such as "Concessão" (concession) and "Pregão" (reverse bidding), book chapters, and articles related to public law. As a researcher and as a lawyer, her focus is on government contracts, public bids, and public-private partnerships. She has provided legal advice on several public infrastructure projects, including social issues such as the social impact bond in the São Paulo State education system.

Vera Monteiro is the 2022 Visiting Fellow of the Lemann Foundation at the Blavatnik Scholl of Government (Oxford).