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This case study was produced as part of the independent evaluation of FCDO's Development Impact Bond Pilot Programme.

The report covers the ICRC Humanitarian Impact Bond for Physical Rehabilitation, which funds the building of three new physical rehabilitation centres in Mali, Nigeria and Democratic Republic of Congo (DRC). As a part of the HIB, ICRC is also piloting efficiency improvement measures testing and building a Digital Centre Management System (DCMS).

The report compiles the findings from the set-up phase of the HIB and has been updated to include findings from the implementation phase. The first wave of research was conducted between October and November 2018 and the second wave was conducted between April and June 2020 and involved consultations with the main stakeholders involved in the design and implementation of the HIB. The case study captures early successes, the HIB effect and lessons learnt during the design and implementation phases. The report will be updated in subsequent years to provide an account of the DIB’s progress.

Want to know more about the state of play of impact bonds? Explore our global interactive map to find out data on impact bonds in their various stages of development and policy areas.

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