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Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State, Ministry of Education, Shri Jayant Chaudhary, today attended a high-level panel organized by OECD & impact alliance at the Fourth International Conference on Financing for Development (FfD4) in Seville, Spain. Addressing on the occasion he said “India is not just experimenting with outcome-based financing — we are institutionalizing it to build a resilient, inclusive skilling ecosystem. Models like the Skill Impact Bond and Project AMBER demonstrate how public funds, philanthropic capital, and private investment can come together to drive measurable social impact at scale,”

The Indian delegation was led by Union Finance Minister Smt. Nirmala Sitharaman. Shri Chaudhary joined global leaders at a high-level panel titled “Accelerating SDG Impact through Outcomes-Based Financing”, co-hosted by the OECD and Outcomes Finance Alliance. The session spotlighted India's leadership in linking development financing with real-world results, particularly in the domains of skills, livelihoods, and women's empowerment.

The high-level panel an witnessed the participated of senior leaders and ministers from across the globe, including representatives from the Governments of Colombia, Kenya, South Africa, Norway, Turkey, Canada, Sierra Leone, and the United Kingdom, along with leadership from key multilateral agencies such as the World Bank and the United Nations Population Fund. The session was moderated by senior officials from the OECD, the Swiss Agency for Development and Cooperation, and the UBS Optimus Foundation. Shri Jayant Chaudhary represented India in the panel alongside a distinguished panel of public and private sector stakeholders, who collectively brought forth diverse perspectives on how outcome-based financing can serve as a catalytic tool to accelerate progress across the Sustainable Development Goals (SDGs).

On the sidelines of FfD4, Shri Chaudhary engaged in a series of impactful bilateral discussions with key global stakeholders. In a meeting with Ms. Mary-Beth Goodman, Deputy Secretary-General of the OECD, the two explored how India's outcomes financing initiatives could benefit from OECD’s deep expertise in data systems and impact measurement frameworks. A productive dialogue with Ms. Kate Hampton, CEO of CIFF, focused on advancing gender-responsive skilling through outcome-based models like the $14.4 million Skill Impact Bond and the importance of employer engagement and data integration.

He also held strategic conversations with Mr. Richard Hawkes, CEO of the British Asian Trust, and Mr. Tom Hall, CEO of UBS Optimus Foundation, on unlocking private capital to drive large-scale impact in employment and entrepreneurship. Further, in his meeting with State Secretary Patricia Danzi, Director-General of the Swiss Agency for Development and Cooperation, Shri Chaudhary discussed collaborative opportunities for designing gender-focused outcome-based finance models to promote nano entrepreneurship and women-led development. The discussion also acknowledged the job creation potential embedded within the India-Switzerland TEPA Agreement.

Echoing Finance Minister Smt. Nirmala Sitharaman’s keynote at FfD4, which underscored outcome-based funding as central to unlocking sustainable, impactful growth, Shri Chaudhary reiterated that India stands ready to partner with global stakeholders in taking these models to scale.

Outcome-Based Financing (OBF) is emerging as a powerful tool to ensure that public investment translates into real, measurable outcomes — especially in critical areas like skilling, employment, and women’s empowerment. By institutionalizing OBF, India is not only enhancing transparency and accountability in its development financing but also creating a replicable model for the world. With strong partnerships, robust data systems, and a shared commitment to results, India is positioning itself as a global leader in leveraging innovative finance for inclusive and sustainable growth.

 

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Manish Gautam/Shahbaz Hasibi

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