Social Impact Bonds, also known as Pay-for-Success Bonds, are a relatively new form of innovative financing gaining traction across the world, including in the US, UK, Canada, Australia, Israel. In the US and UK particularly, these bonds have been hailed as the solution to limited social spending and widespread budget cuts affecting social services.But could they work in developing world markets?
The Impact Trust is organizing a webinar session on 10th July, in which the Impact Trust’s founder, Tamzin Ractliffe, will be joined by Michael Belinsky and Avnish Gungadurdoss of Instiglio, to discuss Social Impact Bonds in Developing World Markets.
Instiglio is a non-profit organisation with the goal of advancing Social Impact Bonds (SIBs) and results-based financing programs in international development. Instiglio’s extensive work to promote and design SIBs includes projects such as the design of a SIB in India around the education of girls and in Colombia around reduction of teen pregnancy; and defining the application of SIBs to healthcare in Southeast Asia for the World Health Organization.
The webinar session will introduce attendees to the concept of Social Impact Bonds, and address their power and potential in an African context. Non-profits, social enterprises and social service providers are particularly encouraged to attend.