Impact Bond: Mine Fields to Rice Fields DIB
Stage of development: Implementation
Policy sector: Agriculture and environment
Social challenge: Hidden landmines and other explosive remnants of war
Intervention: The Mine Fields to Rice Fields DIB – the first Impact Bond in mine action – provides integrated support for landmine clearance and agricultural development in Cambodia. First, it aims to clear approx. 3.8 million sqm of land in Preah Vihear, one of the most mine-affected provinces in Cambodia, to increase safety and freedom of movement for local communities and allow farmers to make more productive use of their land. After clearance, approx. 80 farmers with land in mine-affected areas will be supported to grow organic rice through inputs, training and marketing support. The aim is to increase their net income by 20-35% over two years, thereby reducing levels of household poverty. The DIB is a two-year pilot that aims to trial the effectiveness of an Impact Bond model to better integrate two distinct activities (e.g., mine action and agricultural development support) and understand whether this model could be scaled and replicated, both in Cambodia and to other mine-affected countries.
Date outcomes contract signed: 2023-03
Start of service provision: 2023-04
Anticipated end of service provision: 2025-03
Anticipated duration of service provision: 24
Total investment commitment currency: USD
Total investment commitment: 410000
Total investment commitment (USD): 410000
Maximum potential outcome payment: 1719000 USD
Maximum potential outcome payment (USD): 1719000
Target population: Small-holder rice farmers with land in mine-affected areas