Project: Child Development Centers (Colombia)
State of development: Current
Stage of development: Late stage
Type of instrument — Impact Bond: No; Outcomes Fund: No; Social Impact Incentives (SIINC): No; Social Impact Guarantee: No; Payment-by-results (no pre-financing): Yes; Technical Assistance and Market-building program: No; Other: 
Part of a larger outcomes-based financing program: No 
Expected launch date: Q3-2022
Total expected project development time: 0-6 months
Expected length of project (years): 1.5
Project design process began: Q4-2021
Role of the domestic government — Outcomes funder: Yes; Service provider: No; Member of project committee: No; No formal role: No; Other: ICBF will be outcome payer and has been involved in design conversations. We are exploring if we can leverage the outcomes fund structure built in the Colombian government (Fondo Logra) to launch the instrument.
Service providers identified and selected — Request-for-proposals: Yes; Direct contracting by outcome funder/investor/intermediary: No; Provider-led deal development: No; Other: 
Feasibility study: Yes
Proposed financing instruments — Debt: No; Equity: No; Guarantee: No; Grant: No; Other: 
Technical assistance grant: No — 
Estimated maximum potential outcome payment: TBD COP
Overall project finance notes: Perhaps between 20.000.000.000 and 25.000.000.000 COP
Social/developmental challenge: Help the Colombian government assure that designated Child Development Centers provide quality services for child development
Expected intervention model: Child Development Centers are required to provide certain services. The Colombian government will incentivize them to focus on achieving certain results for “quality of services” and “child development” to help improve performance
Policy sectors — Employment and private sector development: No; Education: Yes; Social protection: No; Criminal justice: No; Health: No; Agriculture: No; Environment and climate change: No; Water, Sanitation and Hygiene: No; Energy: No; Humanitarian: No; Early Childhood Education: ; Other: Early Childhood Development
Secondary SDG goals: 4
Target population: Children (0-5) served by Child Development Centers
Targeted number of unique service users or beneficiaries: 3000
Unit type of targeted beneficiaries: Individual
Country income classification of beneficiaries — Low-income: No; Lower-middle-income: No; Upper-middle-income: Yes; High-income: No
Beneficiary notes: TBD: approx. 3000 children
Notes: Data for this pipeline project was last updated in April 2022.
Delivery location: Colombia