493 - Development Impact Bonds—An Innovative Approach to Financing Global Public Health Projects
Public Health On Call
The Johns Hopkins Bloomberg School of Public Health
4.6 • 644 Ratings
🗓️ 18 July 2022
⏱️ 16 minutes
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Summary
Nonprofits or NGOs often find themselves limited by the terms of available grants, which may be insufficient or too short-term to meet certain needs. Enter development impact bonds, or investments made by a little-known government agency. Dia Martin, a managing director on the social enterprise finance team of the US International Development Finance Corporation talks with Dr. Josh Sharfstein about these bonds, and two initial projects: a cataract clinic in Cameroon and micro-enterprises for Syrian refugees in Jordan and Lebanon.
Transcript
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| 0:00.0 | Welcome to Public Health On Call, a podcast from the Johns Hopkins Bloomberg School of Public Health. |
| 0:12.0 | I'm Joshua Sharfstein, Vice Dean for Public Health Practice and Community Engagement, |
| 0:17.1 | and a former health commissioner here in Baltimore. |
| 0:19.7 | Our goal is to bring evidence and experience to illuminate critical public health issues. |
| 0:25.4 | If you have questions or ideas for us, please send an email to public health question at jhh.edu. |
| 0:31.0 | That's public health question at jhu.edu for future podcast episodes. |
| 0:37.8 | Today, something a little different, we're going to hear about an innovative approach to financing |
| 0:43.3 | global health efforts. |
| 0:45.4 | I speak to Nia Martin, a managing director on the social enterprise finance team of a little |
| 0:51.9 | known government agency called the U.S. International Development Finance |
| 0:56.4 | Corporation. |
| 0:57.5 | We talk about development impact bonds, what they are, and how they can make a difference. |
| 1:04.4 | Let's listen. |
| 1:06.8 | Dia Martin, welcome to Public Health on call. |
| 1:09.9 | I'm real excited to talk to you about development impact bonds. |
| 1:14.3 | Thank you, Josh. It's a pleasure to be here with you. |
| 1:16.9 | Now, you work for the U.S. International Development Finance Corporation. |
| 1:21.8 | Maybe we should remind our listeners what that federal agency is. |
| 1:26.4 | Definitely. The U.S. International DFC is America's development finance institution. |
| 1:32.7 | We partner with private sector clients to finance solutions to critical challenges facing |
| 1:38.7 | the developing world. |
| 1:40.0 | We also take into account U.S. foreign policy priorities as part of the Build Act of 2019. |
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