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Lessons from the FCDO development impact bonds pilot programme
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Arun Poddar

Director, Kaivalya Education Foundation

Arun Poddar is a Business Management graduate, with 32 years of corporate experience in the field of sports & entertainment, broadcasting and management. He was instrumental in the set up of various sports channels, namely ESPN, Star Sports and Ten Sports in the Indian Subcontinent. He has been an active member in the core team with the Ministry Of Information & Broadcasting and the industry regulators to design policies for the implement digitalisation of the satellite broadcasting process in India.

Since then, he left the corporate world and joined the challenging social development sector. Since 2015, Arun has been associated with Kaivalya Education Foundation, a social change organisation working in the field of education in India since 2008. He has also been involved in transforming education in state schools in India.

Arun is based in Mumbai, India. He is passionate about working with young people, and channeling their power to bring positive social, educational, economic, political and psychological impact through academia, sport and creative arts.

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Charlie Morgan

Senior Policy Advisor, Foreign, Commonwealth & Development Office

Charlie is an Impact Bond Specialist within FCDO’s Private Sector Department. She currently leads on outcomes-based financing policy in the FCDO and manages the Development Impact Bonds Pilot Programme, which is generating evidence on the effectiveness and efficiency of the impact bond mechanism in development and humanitarian contexts. She previously worked on Social Impact Bond policy at the Department for Digital, Culture, Media and Sport, where she supported on the delivery and data management of the £80m Life Chances Fund. Prior to joining the civil service, Charlie specialised in forced migration and asylum processing through her work with the UNHCR delegation in Malaysia and a UK charity supporting survivors of torture.


Dr Eleanor Carter

Research Director, Government Outcomes Lab, Blavatnik School of Government, University of Oxford

Eleanor leads the research agenda of the GO Lab. Her research focuses on innovations in social policy and outcomes-based commissioning. She joined the Blavatnik School of Government in 2016 having previously studied at the Universities of Cambridge and Sheffield. Eleanor’s doctoral research investigated the application of outcomes-based commissioning within the UK Government’s welfare-to-work programmes.

Before moving to Oxford Eleanor gained experience from the policy-maker perspective working as an advisor for the Social Investment and Finance Team in the UK’s Cabinet Office and through collaborative research projects with the Department for Work and Pensions. Her work has been published in a range of journals including Social Policy and Administration and Journal of Social Policy.

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James Ronicle

Director, Ecorys

James is Director at Ecorys UK and mainly works in the social enterprise and social investment thematic areas. In these areas he has provided support and analysis to social enterprises, NGOs and governments, both in the UK and internationally.

James leads on Ecorys’ social impact bond work, including overseeing three SIB evaluations (Commissioning Better Outcomes Evaluation for Big Lottery Fund, Youth Engagement Fund Evaluation for DCMS and Turning the Tide Evaluation for North Somerset Council), and Ecorys’ consultancy work in helping organisations understand the evidence base and potential savings linked to SIB interventions (for example for Family Lives and Catch22).

James holds a BA and MA in Geography from the University of Cambridge. In his spare time he is a Governor at Barkston Ash Catholic Primary School.

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Joseph Di Silvio

Impact and Performance Manager, Volta Capital

Joseph is the Impact and Performance Manager for Volta Capital, based out of their Nairobi office. He leads all performance management and monitoring, evaluation, and learning (MEL) activities across several ongoing projects that utilize innovative financing mechanisms to reach improved education and health outcomes throughout Africa. He has extensive experience managing results-based financing transactions including impact bonds, developing and implementing monitoring and evaluation systems, and leading performance management to drive improved outcomes for vulnerable populations.

Joseph serves as Bond Manager on two impact bonds in Volta’s portfolio – the Cameroon Cataract Bond, focused on eliminating avoidable blindness by providing 18,000 cataract surgeries over 5 years, and the Impact Bond Innovation Fund (IBIF) for Early Childhood Development in South Africa. As Bond Manager, he leads progress monitoring and performance reporting, and convenes and manages diverse stakeholder coalitions including Investors, local and international NGO’s, DFI’s, independent evaluators, and governments. Joseph also currently leads the design and management of the MEL systems, tools, and reporting for the Lending for Education in Africa Partnership (LEAP), a higher education financing program for low- and middle-income youth in Kenya.

Prior to Volta Capital, Joseph served as a Teach for America Corps Member and spent seven years as a primary school teacher and school leader in low-income, immigrant communities, where he led numerous school and district-wide initiatives to improve student learning and the quality of teaching and curriculum. Joseph holds a M.A. in Global Human Development from Georgetown University’s Walsh School of Foreign Service and a MSc. for Teachers in Childhood and Special Education from Pace University.

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Juan Luis Coderque Galligo

Head of New Financing Models/Innovative Finance, International Committee of the Red Cross

Juan Luis Coderque Galligo has been working for the International Committee of the Red Cross (ICRC) since 1997. He has had postings in the Caucasus, DRC, South Sudan, Côte d'Ivoire, the Gaza Strip, Lebanon, Senegal/Mali/Niger and in Geneva. Between 2010 and end 2013, he was the Head of the ICRC Moscow delegation, with responsibility for the Russian Federation, Belarus, Moldova, and Ukraine.

Over most of the past twenty years, Juan has led multicultural teams working in conflict or post-conflict situations, delivering protection and assistance to people affected by armed violence, negotiating for access to victims, for respect of the rules of war.

In June 2014, he set up ICRC’s Corporate Partnerships Unit at ICRC Headquarters in Geneva, with a focus on bringing the corporate sector in support of ICRC’s strategic orientations. As of January 2018, building on ICRC’s first Humanitarian Impact Bond, Juan leads the ICRC’s New Financing Models Unit, exploring new financing and public-private partnership models for humanitarian action.

Juan holds a BA in English literature and a Master's degree in European Studies with a focus on post-communist economies. He has pursued executive courses with Ashridge, IMD, Oxford University. He has four working languages, English, French, Russian and Spanish.

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Kay Lau

Senior Research Manager, Ecorys

Kay is a Senior Research Manager at Ecorys and works in the international development team, delivering evaluations and research in the areas of impact investment, health and education programmes and value for money. She is the project manager on the FCDO DIBs pilot programme evaluation. Kay holds a MSc in Impact Evaluation for International Development.

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Radana Toner

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.


Taddeo Muriuki

Vice President, Africa Operations, Village Enterprise

Taddeo Muriuki is an international development professional with over 15 years of leading and managing teams across East Africa. He is the Vice President for Africa Operations for Village Enterprise where he oversees a team of over 150 individuals in the successful implementation of Village Enterprise’s poverty graduation program in Kenya, Uganda and Rwanda.

Taddeo has extensive experience working with County Governments and National Governments on scaling up poverty graduation programming. Taddeo is the Project Implementation Lead for the Village Enterprise Development Impact Bond working with over 13,000 households in Kenya and Uganda.

Before joining Village Enterprise, Taddeo worked as a Project Director at Innovations for Poverty Action where he managed a $13 Million randomized controlled study in Western Kenya. Taddeo holds a Master in Public Health degree from the University of Alabama at Birmingham and a Bachelor of Science degree from East Carolina University.