For the first time, a US social impact bond has paid off for investors.
When a pay-for-success project succeeds in improving social outcomes, governments should establish a new performance-based contract to continue to scale successful programs.
Markets develop through controversy and experimentation—there’s no need to rush.
We need to move beyond donor funding and mobilize private capital to finance performance-based conservation.
Bonds for schoolgirls and malaria vaccines: Pay-for-success initiatives are now tackling issues in the developing world.