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Nexthought Monday: Social Impact Bonds? An Innovative Mechanism for Social Change
Cut costs and increase effectiveness of social programs? Any government would probably sign up to a deal that combines both right away! And this is one of the key thoughts behind the Social Impact Bond concept developed and recently piloted by UK-based Social Finance. A closer look at how they work and what they could mean for social impact.
- Categories
- Finance, Uncategorized
- Tags
- impact bonds
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What Are Social-Impact Bonds?
By DAVID LEONHARDT My column this week describes a new strategy for improving the performance of government programs. In short, private investors - typically foundations - pay the costs of a new program in its early years, and the government later repays the investors,...
- Categories
- Finance
- Tags
- impact bonds
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