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Published in:
2023 | OriginalPaper | Chapter
15. When, How, and Why to Use Impact Bonds
Author : Kusisami Hornberger
Published in: Scaling Impact
Publisher: Springer International Publishing
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Abstract
As discussed briefly in the previous chapter, an unfortunate simplification often undermines the use and scale up of results-based financing mechanisms. Many still equate all forms of innovative finance or results-based finance with just one flavor of contingency-based financing: the impact bond. However, not only are impact bonds not the only type of results-based finance, but they are also inappropriate in many contexts. I learned this the hard way through personal experience.