Social Impact Bonds—A Performance Update & An Opportunity
Over the last eight years, the use of social impact bonds (SIB) for funding human services has grown. Thirty-two SIBs launched worldwide in 2017, bringing the global total to 108, with an estimated $300 million total investments (see Paying For Social Outcomes: A Review Of The Global Impact Bond Market In 2017).
If you're unfamiliar with the SIB concept, the model is based on leveraging private funding for human services. A provider organization uses loans from private investors to fund the management of a specific service, with while government agencies agree to pay for the program only if . . .