The county of West Pokot in Kenya has witnessed frequent shocks & stresses that tends to perpetuate and recycle generational poverty including drought, floods, conflicts. And the future is hardly reassuring. Part of the problem is how initiatives are funded; their rigid funding cycles leave little room for innovation and too often, emphasis is put on inputs and processes rather than desired outcomes. The project seeks to pioneer a Development Impact Bonds (DIB), a flexible, innovative cost-effective financial instrument that holds the promise of accelerating economic, environmental and social growth away from traditional donor funding to build resilience to climate induced disasters among the West Pokot Community.
Community Enterprise Development Impact Bond (CEDIB) for Climate Resilience in West Pokot County of Kenya
Outcome-based financing to support climate resilience and sustainable development in West Pokot