A Literature Review About the Landscape of Social Finance

This academic paper reviews the design and impact of Social Impact Bonds (SIBs) in public service delivery, exploring their potential for Latin America. It covers transaction costs, policy drivers, and public-private models, highlighting how SIBs work under different institutional contexts. It also proposes design recommendations for better uptake and provides a global perspective on SIB development, emphasizing their role in redistributing risk and benefits for greater social impact.