Proceeding from UN strategy the next 10 years were declared as the period for small farmers development. Major goals are reducing poverty and improving global food security. Small family farming, besides of poverty and food control, can also be a key to reaching some global goals: gender equality, good health and well-being, sustainable community growth, […]
Toilets. A search for that word on the SOCAP Open session ideas currently returns zero results. It’s not a sexy topic.
Unfortunately, that doesn’t change the fact that, globally, nearly two billion people don’t have access to basic sanitation facilities such as toilets or latrines, while over 650 million still defecate in the open. The impact of these conditions is considerable: according to the WHO, over 430,000 people — largely children — die each year from poor sanitation. We’ve made substantial strides as a global community in addressing this issue, but reaching this enormous group of people still without access will require creative strategies for funding innovative and impactful solutions.
This panel session will focus on one such creative solution: the world’s first development impact bond, or DIB, for sanitation. A DIB finances development programs with money from private investors who earn a return, paid by a donor, if the program’s outcomes are achieved. With its greater focus on outcomes instead of inputs, a DIB creates space for more innovation, local problem-solving, and adaptation. With outcomes funding from USAID and up-front investment capital from Stone Family Foundation, the international NGO iDE is harnessing the power of local markets and entrepreneurs to eradicate open defecation in 1,600 rural Cambodian villages. Panelists will engage in a discussion on how the DIB came together, what they learned in the process, and how the partnership can serve as a template to finance impact in the sanitation space and beyond.
Lizz Ellis, CEO, iDE. Lizz is a seasoned expert in gender, monitoring and evaluation, finance, and economic growth. She has over 20 years of experience with designing solutions for challenging markets in Asia, Africa, and the Middle East.
Greg Lestikow, Global WASH Director, iDE. As Global WASH Director, Greg drives technical strategy and innovation for iDE’s six-country WASH portfolio. Greg brings over 10 years’ experience in diverse positions in the public and development sectors.
Sarah Hedley, Head of Programmes, The Stone Family Foundation. Sarah’s role at The Stone Family Foundation includes supporting early stage social businesses working in water and sanitation. She has 10+ years’ experience of working with funders, social enterprises and charities, with a focus on using venture philanthropy and social investment to achieve greater impact.
Representative from USAID/Cambodia, Individual to be confirmed.