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This case study report focuses on the design, successes, and lessons learned of the Quality Education India Development Impact Bond (QEI DIB). The report summarises findings from consultations completed during three research waves: the first wave of research was conducted between July and October 2018; the second between December 2019 and July 2020; and the third between June and August 2022. Consultations were conducted with key stakeholders involved in the DIB, including outcome funders, investors, service providers and intermediaries.