**Executive Summary**
Union Minister Shri Jayant Chaudhary represented India at the Outcomes Finance Alliance (OFA) Summit 2026 in Cape Town, held from March 25–27, 2026. The summit's purpose was to advance outcomes-based financing (OBF) for global human development, with India highlighting its commitment to measurable results in skilling and education. Key focus areas included the forthcoming Skills Outcomes Fund and the strengthening of international partnerships to empower youth and build economic resilience.
**Key Points / Main Content**
**Summit Participation and Strategic Objectives**
* India underscored its commitment to innovative financing mechanisms and global partnerships to drive outcome-driven investments in human development.
* Minister Chaudhary participated in a high-level plenary titled “Unlocking Public-Private Funding for Outcomes,” focusing on aligning public, private, and philanthropic capital.
* The summit emphasized the necessity of ensuring investments translate into measurable results in skilling, education, and livelihoods.
**Bilateral and Regional Engagements**
* India reaffirmed its partnership with African nations through discussions with leaders from South Africa and Nigeria on future-ready workforce development.
* Strategic meetings were held with international bodies including the UK Government’s Foreign, Commonwealth and Development Office (FCDO), the OECD, and the State Secretariat for Economic Affairs (SECO), Switzerland.
* The Minister engaged with philanthropic institutions such as the British Asian Trust and the Children’s Investment Fund Foundation to deepen collaboration on development innovation.
**Innovative Financing and Knowledge Exchange**
* Discussions featured an exchange of learnings between India’s Skill Impact Bond and South Africa’s Jobs Boost initiative.
* India highlighted the role of the forthcoming Skills Outcomes Fund in scaling and institutionalising outcomes-based financing.
* The UK’s Better Futures Fund was explored as a model for international experience in delivering measurable social impact and employment outcomes.
**Impact Analysis**
**Indian Government (Ministry of Skill Development and Entrepreneurship)**
**Impact**
India is positioned as a global leader in building large-scale, inclusive skilling ecosystems and outcome-oriented development frameworks.
**Action Required**
The Ministry must work toward the successful launch and implementation of the forthcoming Skills Outcomes Fund and continue institutionalising OBF models.
**International Partners (South Africa, Nigeria, UK, OECD, SECO)**
**Impact**
These partners benefit from cross-country learning and strengthened bilateral ties focused on shared development priorities and workforce innovation.
**Action Required**
Stakeholders need to pursue continued collaboration to explore opportunities for joint support of skills and employment outcomes.
**Philanthropies and Investors (e.g., British Asian Trust, CIFF, RMB)**
**Impact**
The summit provides a platform for these entities to align their capital with measurable social impacts and innovative skilling initiatives.
**Action Required**
Investors should engage in ongoing dialogues with the Indian government to unlock private funding for scalable development solutions.
Key Entities Referenced
Outcomes Finance Alliance (OFA) Summit 2026: A global platform focused on advancing outcomes-based approaches in development finance, where India highlighted its commitment to innovative skilling investments.
Skill Impact Bond: An existing Indian innovative financing mechanism designed to deliver measurable results in skilling and employment.
Skills Outcomes Fund: A forthcoming Indian fund intended to scale and institutionalize outcomes-based financing for human capital development.
Shri Jayant Chaudhary: Union Minister of State for Skill Development and Entrepreneurship who represented India's outcomes-based approach to skilling and livelihoods.
Ministry of Skill Development and Entrepreneurship: The primary Indian ministry leading the implementation of large-scale skilling ecosystems and outcome-oriented development frameworks.
Ministry of Skill Development and Entrepreneurship
From Vision to Scale: Union Minister Shri Jayant
Chaudhary Highlights India’s Outcomes-Based
Approach at OFA Summit 2026 Cape Town
Posted On: 30 MAR 2026 9:19PM by PIB Delhi
Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State
for Education, Government of India, Shri Jayant Chaudhary participated in the Outcomes Finance Alliance
(OFA) Summit 2026, held from 25–27 March 2026 in Cape Town, South Africa, where he underscored
India’s commitment to innovative financing mechanisms, global partnerships, and outcome-driven
investments in skills and human development.
The Outcomes Finance Alliance Summit is a leading global platform that brings together governments,
philanthropies, investors, multilaterals, intermediaries, and delivery partners to advance the role of
outcomes-based approaches in development finance.
At the summit, Shri Jayant Chaudhary joined a high-level opening plenary panel on “Unlocking Public-
Private Funding for Outcomes,” alongside leaders from the Government of South Africa, the Rand
Merchant Bank (RMB), and the State Secretariat for Economic Affairs (SECO), Switzerland. The
discussion spotlighted India’s growing leadership in advancing outcomes-based approaches with a clear
emphasis on aligning public, private, and philanthropic capital around measurable results in skilling,
education, and livelihoods.
Speaking at the summit, Shri Jayant Chaudhary said, “As the world navigates rapid technological and
demographic transitions, the real challenge is not only mobilising finance but ensuring that investments
translate into measurable outcomes for people. India’s experience shows that when governments, industry,
and development partners align around outcomes, whether in skilling, education, or livelihoods, we can
unlock scalable solutions that empower youth and strengthen economic resilience.”
In addition, the Minister engaged with senior government and institutional representatives from Africa,
reaffirming the strength of India–Africa partnership and the value of cross-country learning in addressing
shared development priorities. He held productive discussions with South African leaders including Hon.
Nonceba Mhlauli, Deputy Minister in the Presidency, Dr Mimmy Gondwe, Deputy Minister for Higher
Education and Training, and Ms Melissa Erra, Acting Chief Executive Officer, National Skills Fund
(NSF), South Africa, as well as Ms Shijuade Idowu-Tiamiyu, Permanent Board Member, Lagos State
Universal Basic Education Board (Lagos SUBEB), Nigeria. The discussions focused on shared priorities
around future-ready workforce development and the role of outcomes-based financing (OBF) in
addressing common development challenges. India and South Africa also exchanged insights from their
respective experiences in applying OBF to skilling and employment systems — with South Africa’s Jobs
Boost initiative, and India’s Skill Impact Bond and the forthcoming Skills Outcomes Fund, offering
important lessons on the role of government in scaling and institutionalisation.In addition, Shri Jayant Chaudhary held a series of productive meetings with strategic international
partners and institutions to deepen collaboration on outcomes-based financing and development
innovation. These included discussions with representatives from the Foreign, Commonwealth and
Development Office (FCDO), UK Government, the Organisation for Economic Co-operation and
Development (OECD), the State Secretariat for Economic Affairs (SECO), Switzerland, and philanthropic
institutions such as the British Asian Trust and the Children’s Investment Fund Foundation.
In these engagements Shri Jayant Chaudhary discussed shared priorities around innovative financing,
skills financing, private sector engagement, and partnership-led approaches to delivering measurable
social impact. The conversations also enabled an exchange of learnings from international experience,
including the United Kingdom’s Better Futures Fund, and explored opportunities for continued
collaboration in support of skills and employment outcomes.
India’s participation at the OFA Summit highlighted the country’s growing leadership in building large-
scale, inclusive skilling ecosystems and outcome-oriented development frameworks, aligned with its
vision of empowering youth and strengthening global partnerships for human capital development.***
SH
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