South Africa’s Treasury Investigating Financing Social Bonds
Tuesday, February 4, 2014
In a global environment where donors are shifting or cutting back on funds, governments are looking for novel ways to pay for services that have often been provided by non-governmental organisations that are dependant largely on grants.
Social impact bonds are usually structured so that a government enters into a contract with a bond-issuing organisation that raises capital from investors such as banks and foundations and then hires and manages a non-profit organisation to provide services.
Source: Business Daily Live (link opens in a new window)
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