On November 10, the Brookings Institution and Ethos Laboratorio de Políticas Públicas co-hosted a workshop on the potential applications of impact bonds in Mexico. Brookings presented the findings from its research on impact bonds globally, after which Ethos presented a draft of a forthcoming co-authored policy brief on applications in Mexico.
The workshop brought together stakeholders from private and public sectors and across issue areas ranging from education to health to criminal justice. A panel discussion included some of the leading players engaging in Mexico’s first impact bond that is in development. Small working sessions during the workshop allowed participants to hone in on the potential application of impact bonds to challenges faced in delivering services such as early childhood education, workforce development, prevention and treatment of type 2 diabetes and others.
Brookings’ presentation (in Spanish): https://prezi.com/8cm_2nj7obup/bonos-de-impacto-social-en-mexico-oportunidades-y-retos/
Press release from Ethos Laboratorio de Políticas Públicas (in Spanish): http://ethos.org.mx/es/ethos-brookings-bonos-impacto-social/
In their recent book, “The New Localism,” Bruce Katz and Jeremy Nowak argue that cities and counties will be tested as never before in the coming years. They will need to innovate and reform—to pursue new strategies for growth and finance—in a fiscal environment dominated by rising health-care and pension costs. In these circumstances, the quality of metropolitan governance will matter more than ever.