Seven success criteria for pay-for-success projects
An article in the Stanford Social Innovation Review broaches the lack of consensus on the conditions for success-based financing of social projects – and offers a potential approach for discussion.
From our own experience with social impact bonds, we are familiar with the opposing views on pay-for-success. We agree with the author’s main argument: in essence, the aim should be to put programs with sufficient proof of effectiveness at the center of a pay-for-success project, as the main concern should always be to use public funds as efficiently as possible for target groups in need. The balanced view and pragmatic reasoning of this article sets it positively apart from the often controversial and sometimes polemicized debates on this topic. The article is available here.