Response to "The Payoff of Pay for Success"

Social Finance’s Tracy Palandjian and Jeff Shumway respond in Stanford Social Innovation Review’s Up for Debate section to “The Payoff of Pay-for-Success,” by V. Kasturi Rangan and Lisa A. Chase. In their response, they address common misconceptions of Pay for Success (PFS), including the idea that governments are primarily interested in PFS projects to save money. Ultimately,  PFS is a cross-sector collaboration that weaves together government accountability, scaling effective nonprofits, and impact investing with the aim of achieving measurable and meaningful progress against society’s greatest challenges.

Pay-for-success is a cross-sector collaboration that weaves together three important social-sector movements: government accountability, scaling effective nonprofits, and impact investing.”

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