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Title: Social impact bonds
Authors: Banerjee, Ashok
Keywords: Social Impact Bonds (SIBs)
Pay By Results (PBR)
Financial instrument
CSR (Corporate Social Responsibility)
Issue Date: Oct-2014
Publisher: MBAEx Magazine Committee, Indian Institute of Management Calcutta
Series/Report no.: Vol.1;
Abstract: Government of India spends billions of dollars every year in social projects to address serious social and environmental problems (e.g., school dropout rate, infant mortality, environmental pollution, rural electrification etc.). The major challenge for the government is to assess the effectiveness of the programmes. What is the guarantee that the money disbursed actually reaches the beneficiary? How do you ensure the outcome of a project? Several laudable experiments, on social issues, fail and taxpayers legitimately question government not to spend their money on ‘failed’ experiments. The pragmatic governments, therefore, would want to spend money on successful experiments. Tax payers also would not mind that spending.
Description: Biosketch: Prof. Ashok Banerjee, DEAN (NEW INITIATIVES), IIM CALCUTTA (The author acknowledges the support of Ms. Ity Kanoria, Trainee research associate in the Finance Lab, in preparing the article.)
Appears in Collections:Volume 1, October 2014 (1st ed.)

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