A Legal Road Map for Social Impact Bonds in Developing Countries looks at Social Impact Bonds (SIBs); a financial mechanism that enables investors to pay for a set of interventions to improve a social outcome in collaboration with the government.
The SIB model presents a rare opportunity for the private sector to work with governments to fund essential social programmes that address the community’s needs. The innovation of the bond is in the repayment – investors are only repaid if and when the social outcomes, such as reducing homelessness or prisoner rehabilitation, are achieved.
TrustLaw, the Thomson Reuters Foundation’s global pro bono programme, is proud to launch this report in partnership with Instiglio, the sole social impact bond intermediary located in the developing world, and leading law firm Baker & McKenzie.