India’s Outcome-Based Financing Models Showcase Success at UN Conference
Mumbai: Jayant Chaudhary, Minister of State for Skill Development and Entrepreneurship, represented India at the Fourth International Conference on Financing for Development (FfD4) in Seville, Spain. The conference provided a platform for India to showcase its successful outcome-based financing models and share its expertise with the global community.
India’s leadership in linking development financing with real-world results was showcased at the conference, particularly in skills, livelihoods, and women’s empowerment. Chaudhary highlighted the Skill Impact Bond and Project AMBER as examples of how public funds, philanthropic capital, and private investment can drive measurable social impact at scale. “India is not just experimenting with outcome-based financing — we are institutionalizing it to build a resilient, inclusive skilling ecosystem… Models like the Skill Impact Bond and Project AMBER demonstrate how public funds, philanthropic capital, and private investment can come together to drive measurable social impact at scale.”
The conference witnessed participation from senior leaders and ministers from across the globe, including representatives from key multilateral agencies. Chaudhary engaged in impactful bilateral discussions with key global stakeholders, exploring opportunities for collaboration and knowledge sharing. He discussed India’s outcomes financing initiatives with Mary-Beth Goodman, Deputy Secretary-General of the OECD, and explored potential benefits from OECD’s expertise in data systems and impact measurement frameworks.
Chaudhary reiterated India’s commitment to partnering with global stakeholders in taking outcome-based financing models to scale. He emphasized the importance of strong partnerships, robust data systems, and a shared commitment to results in driving inclusive and sustainable growth. India’s approach to outcome-based financing is emerging as a powerful tool to ensure that public investment translates into real, measurable outcomes, particularly in critical areas like skilling, employment, and women’s empowerment.
