Impact bonds in early childhood development
The Brookings Institute has launched two new reports on social impact bonds: one analysing how they can be used to scale up early childhood programmes, and another examining their current use in various sectors around the world.
Social impact bonds, also known as pay-for-success contracts, involve private investors putting up the initial capital for public projects, and being repaid from public finances if the project meets pre-defined criteria for success.
The Foundation funded the research that informed the reports, as part of our building blocks for scale approach. Social impact bonds could become an important route to scale up early childhood programmes in a tight fiscal climate.