Two stories today, we lead with the same old same old vested interests who believe money grows on trees (or at least within the offices of government) and still wish for the big spending post war consensus which is “Game Over.” This article comes from that fascinating genus of trades union dinosaur in Western Australia where all innovation must be viewed with suspicion rather than how it may improve services and outcomes.
The second story looks at the broader palette of all forms of impact investing through an Ethiopian lens.
Beware Of Social Impact Bonds
CPSU/CSA
Plans by the Barnett Government to introduce social impact bonds in the Corrective Services portfolio have been heavily criticised by the Community and Public Sector Union/Civil Service Association.
Branch Assistant Secretary Rikki Hendon spoke with RTR FM’s Nick Pendergrast and Caroline Smith about plans from Corrective Services to introduce social impact bonds.
Ethiopia: Impact Investing – Ethiopia’s Hidden Opportunity
Maximilian Martin – allAfrica
Change is gaining momentum in the world of finance as well, and this could help unlock capital resources for the modernisation of emerging markets. Investors are increasingly helping to drive capital towards investments that target both a financial return and some social or environmental outcome: they want to “do good” and “do well” simultaneously with a portion of their portfolios.
These investors are driven by personal interest, deep-seated worries about the future of the planet and interest in low-volatility opportunities and segments of the market that are uncorrelated with mainstream global benchmarks, such as absolute return and capital guarantee products. In the world’s developed capital markets, investors increasingly look for ethical funds, socially responsible investments (SRIs).