Commitment to Action

Goodbye Malaria: Mozambique Malaria Performance Bond

Commitment by

Nandos

In 2013, Nando's and partners committed to establishing the Goodbye Malaria Trust (GMT), to pilot the Mozambique Malaria Performance Bond (MMPB). MMPB is a development impact bond that aims to address the funding gap for malaria interventions by increasing funding for, and the efficiency of, malaria interventions through a pay-for-performance mechanism. If the malaria interventions funded by the MMPB are effective in reducing incidence rates by 30 percent or more by year three, the public-private coalition behind MMPB will repay investor principal with 5 percent interest; if the interventions are ineffective, investors are repaid 50 percent of their principal with no interest and are absolved of further commitments. An initial $25 million bond will be piloted in the Maputo Province in Mozambique, funding malaria prevention efforts that will reach 1.1 million people. As part of this commitment, Nando's and partners will establish the Bond Against Malaria Mozambique (BAMM) Operating Company, which will manage the implementation of the MMPB intervention operations on the ground.

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Overview
Summary

Commitment

Goodbye Malaria: Mozambique Malaria Performance Bond

Launched

2013

Est. Duration

3 Years

Estimated Total Value

$25,000,000

Region

Africa

Countries

MOZAMBIQUE

Commitment by

Nandos

Partner(s) of the Commitment Maker(s)

Bhp Billiton Limited, Samsung Group, The Coca-Cola Foundation, Standard Bank Group Limited, Anglo American, Dalberg Global Development Advisors