Posts tagged social impact bonds
Innovation Unleashed: A Pay for Success Retrospective

Since the first few Pay for Success projects (also known as Social Impact Bonds) were launched in the US and UK between 2010 and 2013, interest in these complex funding tools has exploded, with dozens launched or put in development in the US alone. And momentum hasn’t stopped: in February 2018, Congress solidified the movement by passing the Social Impact Partnership to Pay for Results Act (SIPPRA), designed to facilitate the launch of new PFS projects and provide federal funding for successful outcomes. Yet even as Pay for Success evolves and grows, its structure remains complicated and ill-defined.

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