The way forward on social impact bonds

Co-authored by Gianni Ciufo, partner and Canadian leader for infrastructure advisory, project finance and social finance practice

The marketplace for social impact bonds (SIBs) is continuing to develop. Service providers are making progress in advancing their SIB business cases for their most promising interventions. Governments are taking steps in the procurement process for outcome contracts, exemplified by the Ontario Ministry of Economic Development, Trade and Employment’s recent call for SIB concepts and proposals. Now, as the results of our market consultations demonstrate, investors are also signalling their interest in the development of a SIB market in Canada.