Momentum for pay-for-success and social impact bonds (Sibs) seems to be growing.
In September, at least four were announced, including a veterans programme that provides job development and post-traumatic stress disorder support to US veterans, two education bonds in South Africa and India, and a pilot from the state of Ontario in Canada aimed at housing stability and high-school graduation rates for at-risk youth.
UBS, BNP Paribas, Volta Capital and Social Finance were among the institutions supporting the bonds.
Value
The number of Sibs now issued is thought to be around 100 globally, and there have been about 20 pay-for-success projects in the US to date.
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