PLY: Good morning and welcome to the week. Several stories this morning, including one from Canada where objections to the SIB model appear to be politically motivated as opposed to economically rational. This is a constant issue, particularly where there is a misguided feeling that somehow or other SIBs are a right wing initiative – this is exacerbated in the circles where private capital is a dirty word (much better to stick to the core inefficiency of bloated government never struck me as a realistic option regardless of political theory). Then again the political class have not helped the world over with their constant infantilization of economics by making claims they really can deliver solutions to matters which are well beyond their ability to shape.
For those keen to learn how the future of finance is impacting in the world of improving people’s lives, we also have a webinar invitation this week too, enjoy the read:
NACO SIB/PFS Webinar
SIBs and PFS have received tremendous interest by County level governments and we are launching several SIBs in CA and OH. As a result, Third Sector has partnered with the National Association of Counties (NACO) on a 2-part webinar series open to the public on PFS, lessons learned and on how Counties can pursue these opportunities.
The second webinar will feature Caroline Whistler, Partner & Co-Founder of Third Sector Capital Partners, Inc. and David Merriman, Deputy Chief of Staff, Cuyahoga County Health and Human Services. Details on the webinar, along with the registration link, can be found below.
Thursday, June 05, 2014
2:00 PM – 3:15 PM Eastern Time
As a follow-up to last week’s webinar, this session will demonstrate practical applications of pay-for-success financing models. Hear county examples that have used this type of funding to pay for innovative programs and services like supportive housing and recidivism reduction. Presenters will share why jurisdictions decide to use a pay-for-success model, how they set the terms of what “success” looked like, and lessons learned from their experiences.
Contact: Kathy Rowings, firstname.lastname@example.org or 202.942.4279
CUPE is raising serious concerns about the future of social programs in Canada as the Harper Conservative government pushes for more private sector involvement. The union is calling for an open public discussion on the use of for-profit business models to finance and deliver public social services.
In its submission, CUPE points out several major issues with the social financing model that have been experienced throughout the world, including concerns about the economic sustainability, fairness and risks associated with this model.
Read CUPE’s submission to HRSDC here.
Do Social Impact Bonds Make Sense For Malaysia?
Kal Joffres – Tandemic
Assessing possible approaches for the Malaysian government looks to get more value from investments in the social sector.
Social impact bonds have become an increasingly discussed topic in Malaysia. But what exactly are they and do they make sense for the Malaysian context? Are there better approaches to getting value out of social sector programmes? This paper compares social impact bonds and evidence-based impact investments as strategies for increasing government returns for investments in social programmes.
Voices: Christina Alfonso, On Social-Impact Investing
Wall Street Journal
There are many different kinds of social-impact investments, but how does a client choose which works best for them? Our firm has broken it down into a four-step process.