Journal of International Development Cooperation
Korea International Cooperation Agency
개발협력 이슈

Evolution of the Development Impact Bond (DIB) in the International Markets: A Results-Based Approach to Development Finance

Christopher Egerton-Warburton1
1Lion’s Head Global Partners Director

© Copyright 2014 Korea International Cooperation Agency. This is an Open-Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License ( which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.

Published Online: Apr 01, 2019

I. Introduction

The Development Impact Bond (DIB) market is still in its infancy. The term was only coined in 2012 by the Centre for Global Development DIB Working Group and the first transaction was executed for a total of US$238,000 in June 20141).