Impact Bonds for Improved Health Outcomes : PAHAL Intervention

USAID, IPE Global, 'PAHAL' Project

PAHAL (Partnerships for Affordable Healthcare Access and Longevity) is USAID and IPE’s flagship innovative financing platform to promote health financing models and provide catalytic support to social enterprises (IBMs) for improving access to affordable and quality healthcare solutions for the urban poor communities, with a focus on Tuberculosis, Maternal and Child Health, Nutrition and WASH. PAHAL is the Co-Creation and Structuring Advisor for the Mukti Impact Bond.

TB is a leading cause of morbidity and mortality in India. It has been observed that India has large unfunded gaps in its TB program which calls for pooling in of new sources of capital. Given the national and global call to action on ending tuberculosis, PAHAL is structuring impact bonds for improving efficiency around TB outcomes in India. TB is suitable for an impact bond structure because:

• Outcomes are easily measurable

• Easy to monitor and collect outcomes

• Aligned to government cost-saving goals

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