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ERIC Number: ED568956
Record Type: Non-Journal
Publication Date: 2016-Jan
Pages: 12
Abstractor: ERIC
Reference Count: 12
ISBN: N/A
ISSN: N/A
Policy Recommendations on Impact Bonds for Early Childhood Development in Low- and Middle-Income Countries. Policy Brief
Gustafsson-Wright, Emily; Gardiner, Sophie
Brookings Institution
The confluence of the agreement on 17 Sustainable Development Goals (SDGs, or Global Goals) in 2015, and the increased attention being paid to the role of non-traditional actors in contributing to shared prosperity, provide a unique opportunity to focus attention on attempts to identify promising new solutions to the barriers that impede the full development of the world's youngest citizens. Current estimates indicate that 200 million children globally under the age of 5 are at risk of not reaching their development potential. With these goals, the global community has a tremendous opportunity to change the course of history. There is evidence that certain early childhood development (ECD) interventions--spanning the nutrition, health, water and sanitation, education, social protection, and governance sectors from conception to age 5--have high potential to help to achieve the SDGs related to child development. Furthermore, early childhood interventions have been found to improve adult health and education levels, reduce crime, and raise employment rates, which will be paramount to achieving global economic, climate, and physical security. This policy brief supports the full report: "Using Impact Bonds to Achieve Early Childhood Development Outcomes in Low- and Middle-Income Countries" with details of three recommendations under the headings: (1) Early Childhood at the Forefront of Development; (2) Impact Bonds: A New Financing Tool Yet to be Tested for ECD in LMICs; and (3) The Potential and Limitations of Impact Bonds for ECD in LMICs. [For the full report, see ED568955.]
Brookings Institution. 1775 Massachusetts Avenue NW, Washington, DC 20036. Tel: 202-797-6000; Fax: 202-797-6004; e-mail: webmaster@brookings.edu; Web site: http://www.brookings.edu
Publication Type: Reports - Research
Education Level: Early Childhood Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Brookings Institution, Global Economy and Development