Shri Jayant Chaudhary, Minister of State (Independent Charge) for Skill Development & Entrepreneurship and Minister of State for Education, showcases India’s Skill Impact Bond and Project AMBER as institutionalised outcome‑based finance solutions at the high‑level OECD‑co‑hosted panel in Seville, reinforcing SDG‑linked responsible investment
At the Fourth International Conference on Financing for Development (FfD4) in Seville, Spain, Shri Jayant Chaudhary, Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State in the Ministry of Education, emphasized India’s transformation of outcome-based financing (OBF) from isolated experiments into a national framework for inclusive growth.
A national model with global relevance
Speaking at the high-level panel “Accelerating SDG Impact through Outcomes-Based Financing,” co-hosted by the OECD and Outcomes Finance Alliance, Shri Chaudhary described India’s evolution from pilots to policy in OBF. He highlighted two flagship initiatives: the Skill Impact Bond and Project AMBER. These models bring together public funds, philanthropic capital, and private investment, aligning all stakeholders around measurable development outcomes in skilling, employment, and gender inclusion.
“India is not just experimenting with outcome-based financing,we are institutionalizing it,” he noted. “We’re aligning capital with clear metrics that drive systemic improvements.”
A global policy exchange in Seville
India’s participation was led by Union Finance Minister Smt. Nirmala Sitharaman. The panel included senior leaders from Colombia, Kenya, South Africa, Norway, Turkey, Canada, Sierra Leone, the UK, the World Bank, and UNFPA. Shri Chaudhary’s remarks showcased India’s role as a leading voice in development finance innovation, with a focus on real-world results.
Panel moderators included senior officials from the OECD, the Swiss Agency for Development and Cooperation, and the UBS Optimus Foundation. Together, they explored how OBF models are enhancing transparency, results-driven funding, and accountability across public systems.
Strategic bilateral engagements
On the sidelines of FfD4, Shri Chaudhary engaged in targeted bilateral meetings:
-Mary-Beth Goodman (OECD Deputy Secretary-General):– Discussed OECD’s data expertise in strengthening India’s OBF measurement frameworks.
-Kate Hampton (CEO, CIFF):– Focused on gender-responsive skilling through the \$14.4M Skill Impact Bond, employer engagement, and data integration.
-Richard Hawkes (CEO, British Asian Trust) and Tom Hall (CEO, UBS Optimus Foundation):– Explored unlocking private capital for large-scale job creation and entrepreneurship.
-Patricia Danzi (Director-General, Swiss Agency for Development and Cooperation):– Discussed collaborative gender-focused OBF models supporting nano-entrepreneurship and women-led development.
The India-Switzerland TEPA Agreement was also highlighted for its job creation potential.
Reinforcing India’s vision
Echoing Finance Minister Smt. Sitharaman’s keynote, Shri Chaudhary reaffirmed India’s readiness to work with global partners in scaling OBF models. “With robust data systems, strong partnerships, and a focus on outcomes, India is creating a replicable model for the world,” he said.
Outcome-based financing is becoming a central pillar of India’s development strategy. By anchoring funding to verified results, it enhances trust, drives innovation, and ensures that every rupee spent creates measurable change,especially in skilling, employment, and women’s empowerment.
