Following the Money: Where Education Impact Bond Financing Actually Flows
Following the Money: Where Education Impact Bond Financing Actually Flows

Following the Money: Where Education Impact Bond Financing Actually Flows

April 2026

This factsheet presents analysis of data on 140 education impact bond projects totalling USD 184 million in upfront capital and USD 445 million in maximum committed outcome payments. The data shows extreme geographic and economic concentration, with projects in high-income countries accounting for 92% of upfront capital and 73% of maximum committed outcome payments.