Can we find solutions to today's dilemmas in the past? How can looking back at cultural revolutions such as the Renaissance help us think about current ideas of innovation and impact? Taking in Templars, bankers and imperialists, I invite you to travel back in time with me.
L'Agefi, un quotidien suisse, interviewé Arthur Wood semaine dernière (Janvier 16). Ci-dessous, l'interview est reproduite avec des remerciements à Nicolette de Joncaire.
La finance philanthropique est mal structurée et inefficace. Les modèles mutualisés en sont tout juste à leurs balbutiements.
This article introduces a new version of the social impact bond model, described earlier on SocialFinance.ca, that marries the SIB concept to new hybrid legal tools that are under consideration in the US and UK. Part I, published here, explained the potential benefits of this model. Part II, below, reviews current and future developments that can help turbocharge social impact bonds by harnessing new market structures.
The Social Impact Bond (SIB) works in the same way as the International Finance Facility for Immunisation, originally proposed by the UK government in 2003. This structure captured future government cash flows from future aid budgets to change the incentive structure for scale. In the same way, the SIB captures the value of a future cash flow resulting from a social sector intervention and then uses this to change the incentive structure for collaboration and scale by the government, the civil society sector, NGOs and the private sector.
At its simplest, the SIB monetises the value of a social sector intervention, in essence flipping the traditional model on its head since a cash flow is now tied to the delivery of a social outcome.
This blog post is the second in a series curated by Al Etmanski on the topic of what leading thinkers would like to see become 'more visible' in 2011. You can download the complete collection of responses to Becoming Visible here: Download Becoming Visible. SocialFinance.ca will be cross-posting the contributions to Al's project that refer to social finance. Enjoy.
Eleven, eleven is generally remembered as the time and date the first world war came to a close. The certainties of the Victorian age were over. 2011 could mark a similar watershed in how development and social finance are seen. Here is a shot at eleven trends to look out for in 2011.


























