JULY 04: Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State for Education, Shri Jayant Chaudhary, represented India at the Fourth International Conference on Financing for Development (FfD4) in Seville, Spain. At a high-level panel co-hosted by the OECD and Outcomes Finance Alliance, Shri Chaudhary highlighted India’s growing leadership in institutionalizing Outcome-Based Financing (OBF) to drive sustainable development and inclusive economic growth.
“India is not merely experimenting with outcome-based models—we are embedding them into our development architecture,” said Shri Chaudhary. He cited landmark initiatives such as the Skill Impact Bond and Project AMBER, where public, philanthropic, and private sectors converge to fund measurable social impact at scale. The panel titled “Accelerating SDG Impact through Outcomes-Based Financing” brought together global ministers and development leaders from countries including the UK, Canada, Kenya, Norway, Colombia, Turkey, and South Africa, alongside agencies like the World Bank and UNFPA.
Shri Chaudhary’s address underlined India’s success in applying OBF to priority sectors such as skilling, women’s empowerment, and livelihood generation. These models, backed by robust data systems and impact measurement, are positioning India as a key contributor to global SDG acceleration.
On the sidelines of the conference, Shri Chaudhary held a series of impactful bilateral discussions. He met with Ms. Mary-Beth Goodman, Deputy Secretary-General of the OECD, to explore data and measurement collaborations. With Ms. Kate Hampton, CEO of CIFF, he discussed scaling gender-responsive skilling through models like the $14.4 million Skill Impact Bond.
Meetings with Mr. Richard Hawkes of the British Asian Trust and Mr. Tom Hall of the UBS Optimus Foundation focused on unlocking private capital for large-scale job creation and entrepreneurship. Discussions with Patricia Danzi, Director-General of the Swiss Agency for Development and Cooperation, explored outcome-based frameworks to support nano entrepreneurship and women-led growth, further leveraging opportunities under the India-Switzerland TEPA Agreement.
Reinforcing the message delivered by Finance Minister Smt. Nirmala Sitharaman, Shri Chaudhary emphasized India’s readiness to collaborate globally to scale these innovative financing models. By aligning public spending with outcomes, India is creating a replicable, transparent, and high-impact model for inclusive development worldwide.