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Are Governments ‘Paying for Failure’ With Social Impact Bonds?
Three years ago, New York City launched an ambitious and unprecedented social policy experiment at its jail on Rikers Island. Thousands of teenage inmates began receiving group therapy aimed at improving their moral reasoning by addressing their beliefs and thought processes in a step-by-step treatment. The goal was to reduce the number of repeat offenses once the inmates were released. Academic studies using the method, known as moral reconation therapy, had reported success in reducing recidivism. Still, no one had ever scaled up these studies to accommodate anything like the 9,240 inmates the four-year Rikers Island program aimed to serve. This month, the program is coming to an abrupt end.
- Categories
- Environment, Impact Assessment
- Tags
- failure, impact bonds, public policy
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How California’s Asset Pension System Uses Investments To Agitate for Social Change
Calpers, the nation’s largest pension fund, offers lessons to families with a bent for social-impact investing, blending ideology with a realistic view.
- Categories
- Impact Assessment
- Tags
- impact investing
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East Africa Emerges as Global Hub for Impact Investing
Investments focused on fostering social or environmental goals are playing an increasing role in East Africa, which a new report says is a global center for so-called impact investing.
- Categories
- Environment, Impact Assessment
- Region
- Sub-Saharan Africa
- Tags
- impact investing
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Wall Street not giving up on U.S. social impact bonds
Wall Street firms like Deutsche Bank , Santander Bank and Bank of America are still interested in backing U.S. social impact bonds, despite the failure of the first such initiative.
- Categories
- Impact Assessment
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OPINION: We Need to Prove Impact Investing Makes a Difference
While measuring impact is complicated, investors, grant makers, and nonprofit organization need to have some way to assess, manage, and communicate their real impact.
- Categories
- Impact Assessment
- Tags
- impact investing
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A New Model of Health Workforce Training
A new model of health workforce training has the potential to be an innovative, cost-effective, catalytic initiative that can build national health systems, empower women and make itself obsolete in a decade.
- Categories
- Environment, Impact Assessment
- Tags
- impact investing
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Social Impact Bonds Are Coming to the Tropics
Recent developments indicate that Latin America may become a robust new frontier market for social impact bonds, with a rich set of multiple-player ecosystems.
- Categories
- Impact Assessment
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PRESS RELEASE: Village Capital Announces World’s Largest Peer Selected Venture Capital Fund
VilCap Investments New Fund Continues Using Peer-Selection Model to Support Entrepreneurs Solving the World's Most Pressing Problems.
- Categories
- Impact Assessment
- Tags
- impact investing