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Espanol Governments and Development Agencies Governments,
development agencies or a combination of both can pay for
outcomes through a social impact bond. Social impact bonds hold
promise for improving the way social services are delivered in
three main ways: 1. Social impact bonds increase accountability
and transparency of public resources. Governments and/or donors
only have to pay for successful programs based on results
actually achieved, thereby enhancing value for money, ensuring
responsible use of public resources and delivering an accurate
record of what was achieved per dollar invested. 2. Social
impact bonds facilitate adoption of innovative, cost-effective
programs. By transferring implementation risk to investors,
governments and/or donors can use social impact bonds to adopt
innovative programs that would otherwise not have been financed
through traditional channels. 3. Social impact bonds can help
improve the efficiency of public resour