World’s First Social Impact Bond Shows Positive Results

Published Thursday, July 27, 2017 | by Tracy Palandjian

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In this op-ed, Social Finance's Tracy Palandjian considers the success of the world's first Social Impact Bond (SIB) and overall progress made in the field. Palandjian touches on the goals of SIBs and Pay for Success, including uniting uncommon parties around a common goal, and shifting risk from the public sector to the private sector. She notes that it will take another decade or more to know whether PFS will achieve the social impact they intend.