Pipeline
| ID | INDIGO-PL-0044 |
|---|---|
| Project Name - (Value) | Strengthening of Healthcare Facilities at PCMC through Social Impact Bond |
| Contact - Name - (Value) | Anoop Phanse |
| Contact - Email - (Value) | anoop.phase@thepalladiumgroup.com |
| State of Development - (Value) | Current |
| State of Development - (Source ID's) | source1 |
| Stage of Development - (Value) | Late stage |
| Stage of Development - (Source ID's) | source1 |
| Type of instrument and project - Impact Bond - (Value) | Yes |
| Type of instrument and project - Outcomes Fund - (Value) | No |
| Type of instrument and project - Social Impact Incentives (SIINC) - (Value) | No |
| Type of instrument and project - Social Impact Guarantee - (Value) | No |
| Type of instrument and project - Payment-by-results (no pre-financing) - (Value) | No |
| Type of instrument and project - Technical Assistance and Market-building program (Must involve dedicated grant resources) - (Value) | No |
| (Source ID's) | source1 |
| Part of a larger outcomes-based financing program? - Part of a larger outcomes-based financing program? - (Value) | No |
| Part of a larger outcomes-based financing program? - (Source ID's) | source1 |
| Dates - Expected Launch Date - (Value) | Q3 - 2022 |
| Dates - Total expected project development time - (Value) | 12-24 months |
| Dates - Expected length of project (years) - (Value) | 3 |
| Dates - Project design process began - (Value) | Q1-2021 |
| Dates - (Source ID's) | source1 |
| Rationale for using outcome based finance - (Value) | Create sustained improvements in quality and efficiency of service delivery by shifting focus from outputs to outcomes |
| (Source ID's) | source1 |
| Key challenges to launch - (Value) | As the first-of-its-kind SIB managed by a Municipal authority in India, a key challenge has been aligning the SIB design process with government procurement processes |
| (Source ID's) | source1 |
| Role of the domestic government - Outcomes funder - (Value) | Yes |
| Role of the domestic government - Service provider - (Value) | No |
| Role of the domestic government - Member of project committee - (Value) | No |
| Role of the domestic government - No formal role - (Value) | No |
| (Source ID's) | source1 |
| Service providers identified and selected - Request-for-proposals - (Value) | No |
| Service providers identified and selected - Direct contracting by outcome funder/investor/intermediary - (Value) | Yes |
| Service providers identified and selected - Provider-led deal development - (Value) | Yes |
| (Source ID's) | source1 |
| Feasibility study - (Value) | Yes |
| (Source ID's) | source1 |
| Proposed financing instruments - Debt - (Value) | No |
| Proposed financing instruments - Equity - (Value) | No |
| Proposed financing instruments - Guarantee - (Value) | No |
| Proposed financing instruments - Grant - (Value) | No |
| Proposed financing instruments - Other - (Value) | TBD |
| (Source ID's) | source1 |
| Technical assistance grant - Technical assistance grant - (Value) | Yes |
| Technical assistance grant - Details - (Value) | UNDP provided Technical Assistance to Palladium to design the project |
| Technical assistance grant - (Source ID's) | source1 |
| Overall project finance - Estimated Maximum potential outcome payment - Currency - (Value) | INR |
| Overall project finance - Estimated Maximum potential outcome payment - Amount - (Value) | 13000000 |
| Overall project finance - (Source ID's) | source1 |
| Overall project finance - (Notes) | INR 1000 million = Approx US $ 13 million |
| Purpose and classifications - Social/Developmental challenge - (Value) | Improve the quality of healthcare facilities in PCMC |
| Purpose and classifications - Expected intervention model - (Value) | Overall strengthening of all PCMC healthcare facilities, strengthening of the Secondary Care Hospitals |
| Purpose and classifications - Policy sector - Employment and private sector development - (Value) | No |
| Purpose and classifications - Policy sector - Education - (Value) | No |
| Purpose and classifications - Policy sector - Social protection - (Value) | No |
| Purpose and classifications - Policy sector - Criminal justice - (Value) | No |
| Purpose and classifications - Policy sector - Health - (Value) | Yes |
| Purpose and classifications - Policy sector - Agriculture - (Value) | No |
| Purpose and classifications - Policy sector - Environment and climate change - (Value) | No |
| Purpose and classifications - Policy sector - Water, Sanitation and Hygiene - (Value) | No |
| Purpose and classifications - Policy sector - Energy - (Value) | No |
| Purpose and classifications - Policy sector - Humanitarian - (Value) | No |
| Purpose and classifications - Secondary SDG goals - (Value) | 3 |
| Purpose and classifications - (Source ID's) | source1 |
| Service users and beneficiaries - Target population - (Value) | Beneficiaries of health facilities |
| Service users and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 2500000 |
| Service users and beneficiaries - Unit type of targeted service users or beneficiaries - (Value) | Individual |
| Service users and beneficiaries - Country Classification of Service and beneficiaries - Low-income - (Value) | No |
| Service users and beneficiaries - Country Classification of Service and beneficiaries - Lower-middle-income - (Value) | Yes |
| Service users and beneficiaries - Country Classification of Service and beneficiaries - Upper-middle-income - (Value) | No |
| Service users and beneficiaries - Country Classification of Service and beneficiaries - High-income - (Value) | No |
| Service users and beneficiaries - (Source ID's) | source1 |
| Service users and beneficiaries - (Notes) | 2 million outpatients in 28 dispensaries, 12 secondary care hospitals and one tertiary hospital |
| Notes - (Value) | Data for this pipeline projects was last updated in April 2022. |
| Delivery Locations 1: Location - Name - (Value) | Pune, Pimpri Chinchwad Municipal, India |
| Delivery Locations 1: Location - Country - (Value) | IN |
| Delivery Locations 1: Notes | Pune, Pimpri Chinchwad Municipal |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Data shared by key stakeholders of the project through March 2022 Levoca questionnaire |
| Service Provisions 1: Notes | The Palladium Group |
| Outcome Payment Commitments 1: Notes | Pimpri Chinchiwad Municipal Corporation (PCMC) |
| Investments 1: Notes | TBD |
| Intermediary services 1: Organisation Role Category - (Value) | Other |
| Intermediary services 1: Notes | Evaluator - TBD |
| Intermediary services 2: Organisation Role Category - (Value) | Other |
| Intermediary services 2: Notes | Advisor - Palladium |
| Intermediary services 3: Organisation Role Category - (Value) | Other |
| Intermediary services 3: Notes | UNDP's India Office supported the design of the SIB by providing technical assistance and a grant of USD 100k towards SIB Design |
| Outcome Metrics 1: Outcome Definition - (Value) | NABH standards achieved by hospital facilities, Patient footfall in hospitals |
| Outcome Metrics 1: Outcome validation Method - (Value) | Quasi-experimental |