IIF Insights: Impact Bonds

Social impact bonds, including specialized development impact bonds and health impact bonds, have become a major topic in social finance. At the same time, there exists some confusion in the actual potential of impact bonds and in what contexts they can be effective. This report contributes to the discussion by providing direction in approaching the implementation of impact bonds. This report has two major contributions. First, it provides an overview of the impact bond landscape in British Columbia. Key individuals were surveyed through structured and informal interviews. Second, we propose a “bottom-up” approach to engaging key sectors in British Columbia. The sectors will be identified in a report to be completed at a later date.

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