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UNDERSTANDING SOCIAL IMPACT BONDS - …

UNDERSTANDING SOCIAL IMPACT BONDS OECD Working Papers should not be reported as representing the official views of the OECD or of its member countries. The opinions expressed and arguments employed are those of the authors. Working Papers describe preliminary results or research in progress by the author(s) and are published to stimulate discussion on a broad range of issues on which the OECD works. Comments on Working Papers are welcomed, and may be sent to the Centre for Entrepreneurship, SMEs, Tourism and the Local Economic Development, OECD, 2 rue Andr -Pascal, 75775 Paris Cedex 16, France. OECD 2016 You can copy , download or print OECD content for your own use, and you can include excerpts from OECD publications, databases and multimedia products in your own documents, pr esentations, blogs, websites and teaching materials, provided that suitable acknowledgment of the source and copyright owner is given.

Social Impact bonds (SIBs) have attracted much attention in the aftermath of the financial crisis. They have been implemented in a number of countries as they seem to be an attractive proposition for financing the delivery of social

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