1. Impact Bonds Conference: Pathways to Scale
January 18th, 2018
Session: Humanitarian Impact Bond
Speaker: Tobias Epprecht, Head of Project, ICRC

2. ICRC Humanitarian Impact Bond (HIB) - Objectives
Increase the number of persons having access to physical rehabilitation
Mobilize additional resources to expand the ICRC’s PRP
Improve the overall operational efficiency of Physical Rehabilitation Centers
Test and consequently deploy proven efficiency measures
Design, test and deploy a Digital Center Management Tool
Expand the funding base of the ICRC
Secure multi-year funding
Enable private capital to support humanitarian activities
Develop new partnerships with the private sector
Design and test an innovative financing instrument
Understand opportunities and constraints of innovative financing
Build basis to further develop such funding mechanisms

3. Verification Provider
Parties to the HIB
ICRC will offer social investors & outcome funders:
quarterly status update reports
semi-annual operational review committee meetings
Pledge to ICRC to pay at the end of year 5.
Payment by Results to ICRC according to predefined SER thresholds
Finance over 5 years the intervention implemented by the ICRC
Conditional Pledge
Investment 2 1
Social
Investors
Outcome Funders 6 5
Return Payment
Payment by Results
Implementation of Services for individuals with physical disabilities
in Mopti, Mali, Maiduguri, Nigeria and Kinshasa, DRC 3
Outcome Verification
Assess the outcome-based Staff Efficiency Ratio (SER) 4
Phase I
Phase II 4
Train staff
Build and equip centres
Test efficiency measures
Run centres 4
Year 1
Year 2
Year 3
Year 4
Year 5
Verification Provider

4. HIB – Who pays what when Budget Investment “la Caixa” Foundation
Social Investor
Amount
CHF equivalent
Share
Social Investor I
CHF 7’434’880
7’434’880
39.98%
Social Investor II
EUR 2’397’308
2’565’120
13.97%
Social Investor III
EUR 1’600’000
1’712’000
9.20%
Social Investor IV
EUR 1’000’000
1’070’000
5.75%
Social Investor V
EUR 500’000
535’000
2.88%
Social Investor VI
Social Investor VII
Social Investor VIII
EUR 2’199’264
2’353’212
12.65%
Social Investor IX
GBP 1’486’976
1’858’720
9.99%
Total
N/A
18’598’932
100%
Budget
Outcome Funder
Amount
CHF equivalent
Swiss Confederation
CHF 10’000’000
10’000’000
Kingdom of Belgium
EUR 8’696’990
9’305’779
Republic of Italy
EUR 3’000’000
3’210’000
The United Kingdom
GBP 2’000’000
2’500’000
“la Caixa” Foundation
EUR 1’000’000
1’070’000
Total
N/A
26’085’779
Investment
“la Caixa” Foundation
PbR - Outcome Funder
Cash leftover
ICRC First Loss Guarantee
Return Payment to Investors

5. HIB – Challenges, Lessons Learned & Outlook
HIB – A pilot project, with all its ups and downs, pros and cons
Data & Outcome Measure
Scale
Complement, not substitute
Outcome Funders, Outcome Funders, Outcome Funders, …

6. Thank you!