Alternative to Private Finance of the Welfare State: a Global Analysis of Social Impact Bond, Pay-for-success and Development Impact Bond Projects

This report analyses global Social Impact Bond (SIB), Pay-for-Success, and Development Impact Bond (DIB) schemes. It details investor returns (ranging from 15–30%), outlines stakeholder roles, governance models, and assesses scalability across various global cases. The study reviews the benefits, risks, and adoption trends of these innovative financing mechanisms, providing insights into their potential to address social challenges and leverage private capital for public good.