Developing Social Impact Bonds to Tackle Emerging Social Needs and Promote Social Welfare

This paper from the Asian Development Bank (ADB) explores the development of Social Impact Bonds (SIBs) as a mechanism to address emerging social needs and promote social welfare. It discusses the structure of social bonds and emphasizes the importance of robust social impact measurement to ensure accountability and effectiveness. The report highlights how SIBs can mobilise private capital for public services, offering an innovative approach to financing social programs and achieving positive outcomes.