scholarly journals Social Impact Bonds as a Funding Method for Health and Social Programs: Potential Areas of Concern

2018 ◽  
Vol 108 (2) ◽  
pp. 210-215 ◽  
Author(s):  
Amy S. Katz ◽  
Benjamin Brisbois ◽  
Suzanne Zerger ◽  
Stephen W. Hwang
Keyword(s):  
Social Impact ◽  
Social Programs ◽  
Social Impact Bonds ◽  
Areas Of Concern

scholarly journals Social Impact Bonds: Development Prospects in the Russian Federation

2020 ◽  
Vol 14 (2) ◽  
pp. 91-100
Author(s):  
D. G. Mirakyan
Keyword(s):  
Budget Deficit ◽  
Social Impact ◽  
Social Issues ◽  
Social Bonds ◽  
Social Programs ◽  
State Budget ◽  
Social Impact Bonds ◽  
The Usa ◽  
The Russian Federation ◽  
Development Prospects

Amid the state budget deficit, there is a problem of financing social projects. In this regard, new sources of extrabudgetary funding for social issues need to be sought. Financial instruments capable of implementing various social programs include social bonds. This study identifies the main characteristics of social impact bonds (SIB): fundamental principles, mechanism of work. The current work describes the practice of implementing social impact projects on education, poverty, ecology, etc., presenting the experience of the USA and several European countries. This study analyses Russia’s present state and prosperities in the development of SIB projects. The research defines the unique catalyst-funds role in processes of impact investment, as well as the suitability of their creation in Russia. The author analyses opportunities and likely risks from social impact projects realization.

Social Impact Bonds in Latin America: IDB Lab's Pioneering Work in the Region: Lessons Learnt

2021 ◽  
Author(s):  
Alma Agusti Strid ◽  
James Ronicle
Keyword(s):  
Latin America ◽  
Social Impact ◽  
Technical Note ◽  
Social Programs ◽  
Middle Income ◽  
Advantages And Disadvantages ◽  
Lessons Learnt ◽  
Retrospective View ◽  
Social Impact Bonds ◽  
Set Up

In recent years, Latin America has seen the introduction of innovative pay-for-success mechanisms to fund social programs, including Social Impact Bonds (SIBs) and Development Impact Bonds (DIBs), outcome-based contracts that incorporate the use of private financing from investors to cover the upfront capital required for a provider to set up and deliver a social service. In this context, IDB Lab established a SIB Facility in 2014 to promote the focus on outcomes in social programs and increase outcomes-based commissioning. The SIB Facility has resulted in IDB Lab providing support to developing SIBs in Colombia (first SIB launched in a middle-income country), Argentina, Chile, Mexico and Brazil. Since then, several employment SIBs have launched in Colombia and Argentina and prefeasibility studies for SIBs on other topics are currently underway in Chile. This Technical Note aims to capture the lessons learnt from developing SIBs in Latin America, focusing on the five countries where the SIB Facility played a pioneering role. The study takes a retrospective view in examining what has been done and a prospective view in considering how challenges can be overcome and how lessons learnt might be considered within the IDB Lab, both at SIB level and at ecosystem level looking at the SIB ecosystems that have started to emerge. In the study, we find that the SIBs that have launched in the study countries were well designed and that there had also been thorough consideration of the advantages and disadvantages of the model.

scholarly journals “Let’s Not Have the Perfect Be the Enemy of the Good”: Social Impact Bonds, Randomized Controlled Trials, and the Valuation of Social Programs

2021 ◽  
pp. 016224392110420
Author(s):  
James W. Williams
Keyword(s):  
Social Life ◽  
Social Impact ◽  
Controlled Trial ◽  
The United States ◽  
Future Research ◽  
Social Programs ◽  
Social Investment ◽  
Program Outcomes ◽  
Randomized Controlled ◽  
Social Impact Bonds

This article uses the case of “social impact bonds” (SIBs) to explore the role of social science methods in new markets in “social investment.” Pioneered in the UK in 2010, SIBs use private capital to fund social programs with governments paying returns for successful outcomes. Central to the SIB model is the question of evaluation and the method to be used in determining program outcomes and investor returns. In the United States, the randomized controlled trial (RCT) has been the dominant method. However, this has not been without controversy. Some SIB practitioners and investors have argued that, while this may be the perfect tool, the need to grow the SIB market demands a more pragmatic approach. Drawing from a three-year study of SIBs, and informed by Science and Technology Studies (STS)-inspired work on valuation and the social life of methods, the article explores RCTs as both a valuation technology central to SIB design and the object of a micropolitics of valuation which has impeded market growth. It is the relationship between, and the politics of, evaluation and valuation that is a key lesson of the SIB experiment and an important insight for future research on “social investment” and other settings where methods are constitutive of financial value.

Payment by Results and Social Impact Bonds

2018 ◽  
Author(s):  
KEVIN ALBERTSON ◽  
CHRIS FOX ◽  
CHRIS O’LEARY ◽  
GARY PAINTER ◽  
KIMBERLY BAILEY ◽  
...  
Keyword(s):  
Social Impact ◽  
Social Impact Bonds

Social impact bonds and their implications for third sector organisations: experiences from the Netherlands

2021 ◽  
Author(s):  
Valentina Patetta ◽  
Marta Enciso Santocildes
Keyword(s):  
United States ◽  
The Netherlands ◽  
Social Impact ◽  
Third Sector ◽  
The United States ◽  
The United Kingdom ◽  
The Social ◽  
Private Investments ◽  
Social Impact Bonds ◽  
Third Sector Organisations

The social impact bond (SIB) is defined as a form of payment-by-results scheme combining governmental payments with private investments. This paper explores the motivations and implications of three third sector organisations (TSOs) participating in SIBs in Continental Europe. It offers an understanding of the involvement of TSOs in this type of scheme; and it shares insights about a context that is different from the United Kingdom and the United States – the Netherlands – which presents the opportunity to expand our knowledge about SIBs.

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