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The Quality Education India DIB (QEI DIB) in 2018 was created by the British Asian Trust, Michael & Susan Dell Foundation, UBS Optimus Foundation and others. The initiative was a pioneering collaboration between leaders from across private and philanthropic sectors to scale up proven interventions to improve learning outcomes of students as well as address the critical gap in financing. At $11 million, QEI DIB is the world’s largest DIB in education set up with three key objectives: (1) education—improve literacy and numeracy skills for 200,000 students by funding learning outcomes, (2) financial—show that outcomes-based financing delivers value for money and drives efficient spending, (3) systemic—demonstrate the benefits of outcomes-based financing to drive innovation in the global education sector and transform the traditional approach to grant-making and philanthropy. At the end of four years, an independent evaluation showed that literacy and numeracy skills among QEI DIB students improved by 2.5 times in comparison to their peers, despite Covid-19 disruptions.
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