Financing Outcomes Through Social Impact Bonds
Social impact bonds unite the private and public sectors through a unique solution-based partnership that allocates funding based on outcomes. As governments are refining their data collection strategies to improve policymaking, social impact bonds provide a way to track and manage performance. This chapter in Investing in Results describes how transferring risk, focusing on outcomes vs. outputs, active performance management, and many other factors play a role in building a market towards financing outcomes.
“There is no one-size-fits-all social impact bond model; developing the appropriate structure for specific goals and contexts is critical to producing positive and enduring long-term outcomes.”