May 272013
Strings tied to social impact bonds.
from The Globe and Mail
Sherri Torjman of the Caledon Institute of Social Policy explores the issues opened by the federal government's commitment to the use of social impact bonds in a recent Globe and Mail column. The private sector's involvement in social programs is heavily dependent on achieved outcomes; outcomes which may not be achievable without denying access to some of the most needy recipients. Where payback of a bond is the goal, she writes, the measure of success will be switched from improved lives to improved bottom lines.
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