The global potential and limitations of impact bonds
Past Event
Impact bonds, also known as Pay for Success contracts in the United States, have leveraged over $200 million in upfront private capital for social services worldwide over the last six years, and by 2020 the market is expected to triple. Brookings experts have published two reports analyzing the market, the first of which is a comprehensive review of the global impact bond market and the second of which examines applications to Early Childhood Development programs.
On February 29, the Global Economy and Development program at Brookings hosted a discussion on the scope for social and development impact bonds to address social challenges globally. Sessions reflected on the types of challenges for which these new financing modalities are best suited, and the factors critical for their success. Sir Ronald Cohen, chairman of the Global Social Impact Investment Steering Group, provided keynote remarks, followed by presentations from Emily Gustafsson-Wright, fellow at the Center for Universal Education at Brookings and lead author of both reports on impact bonds. The event included two panel discussions and a networking lunch.
Presentation 1: The potential and limitations of impact bonds across sectors and geographies
Agenda
Panel 1: The potential and limitations of impact bonds across sectors and geographies
Opening Remarks
Keynote address
Sir Ronald Cohen
Chairman - Global Social Impact Investment Steering Group and The Portland Trust
Presentation
Moderator
Tamar Manuelyan Atinc
Nonresident Senior Fellow - Global Economy and Development, Center for Universal Education
Panelists
Jim Sorenson
Founder - Sorenson Global Impact Investing Center
Francois de Borchgrave
Managing Director and Co-Founder - Kois Invest
The Hon. Ben McAdams
Mayor - Salt Lake County, Utah
Tracy Palandjian
CEO and Co-Founder - Social Finance U.S.
Concluding remarks
Networking lunch
Panel 2: Impact bonds for early childhood development: Where are the opportunities and what does the market need?
Presentation
Tamar Manuelyan Atinc
Nonresident Senior Fellow - Global Economy and Development, Center for Universal Education
Panelists
Shri Mukesh Sharma
Principal Secretary for Health - State of Rajasthan, India
Louise Savell
Director - Social Finance U.K.
Caroline Whistler
Co-president and Co-founder - Third Sector Capital
Moderator
Tamar Manuelyan Atinc
Nonresident Senior Fellow - Global Economy and Development, Center for Universal Education
Concluding remarks
Tamar Manuelyan Atinc
Nonresident Senior Fellow - Global Economy and Development, Center for Universal Education
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