Do Good AND Make Money With 'Social Impact Bonds'
A new type of financial instrument is challenging the idea that giving and investing are separate and distinct. The social impact bond (SIB) is an experimental hybrid that applies a profit motive to some of the most intractable social problems. The government of Canada added itself to a short list of agencies around the world considering SIB programs, which can be seen as an alternative to charitable donations -- great for investors looking to place capital in a way that will generate economic and social value at the same time.
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