USD 150,000 in prizes for continent’s brightest innovators to accelerate Africa’s development. With 2000 innovators from 48 countries entering in its first three years; IPA 2015 takes investment in unleashing and supporting sustainable African led innovation past half a million USD
- Sub-Saharan Africa
Goldman Sachs recently made headlines by investing in a Massachusetts nonprofit that tries to keep young men out of jail. The investment was part of the largest social impact bond or "pay-for-success" effort to date in the U.S. Rick Edwards of Third Sector Capital Partners discusses the benefits and risks of the approach in part two of our Impact Investing Insights series.
The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank Group, in March launched a $5.3 million fund to test a new social sector financing tool: Social Impact Bonds. This fund is a window to a promising new approach to social development in Latin America. SIBs hope to improve the effectiveness of social programs through an alignment of incentives and a powerful multi-sector partnership.