Not all targets met – but still a success?
At the end of its three-year term, the first Austrian Social Impact Bond has officially concluded. Since one of the predefined targets had not been achieved, the public authorities are not required to reimburse the upfront funding. At the same time, however, it was announced that the project would continue to receive funding and be incorporated into the standard domain of public operation. Does this mean that the SIB project has failed? Or is it a success? In our opinion, it is a definite success.