PLY: Lots of stories and each has its merits – stay the course as the final one with the legal road map for developing countries is a highly beneficial information utility…
House Passes Pay-for-Success Amendment To K-12 Education Bill
Social Innovation Research Center
The House passed an amendment authorizing the use of pay-for-success models for teacher and principal training programs. The amendment was approved as part of a larger bill (H.R. 5) that would reauthorize the Elementary and Secondary Education Act (ESEA).
The amendment to the bill was sponsored by Reps. John Delaney (D-MD), Todd Young (R-IN), and Jared Polis (D-CO). It would make pay-for-success an allowable use of Title II funds by states or localities for such training if they result in a direct cost savings to the local, state, or federal government.
Make Welfare Bipartisan: Patrick McClure
Jared Owens – The Australian
A bipartisan committee should be asked to find a consensus around simplifying the welfare system rather than leaving the task purely to Social Services Minister Scott Morrison, welfare expert Patrick McClure says.
The former Mission Australia CEO, who has written a sweeping report on welfare entitlements, also yesterday recommended emulating New Zealand in attracting private-sector capital for “intensive” services, predicting a $31 billion domestic market for “social impact bonds” in 10 years’ time.
Omahan Who Overcame Poverty, Violence On Mission To Help At-Risk Youth
Kyle Gravlin – KETV
“My own father was killed. My own father was a victim of gun violence,” said Ean Garrett, founder and chief innovation officer of Infinite 8 Institute.
Garrett didn’t let the situation get the better of him, though. He persevered, eventually getting his law degree from the University of Nebraska-Lincoln.
Still, Garrett knows his native North Omaha struggles with the same issues.
“For some reason, violence here in Omaha, particularly in the northeast sector, is stubbornly persistent,” Garrett said.
So he’s stepping up to protect at-risk youth with what’s called a social impact bond or SIB.
“It is a contract with the public sector in which a commitment is made to pay for improved social outcomes that result in public sector savings,” Garrett said.
His plan? Invest in 80 at-risk youth over the course of three years with the goal to keep them out of special education classes and the criminal justice system, which Garrett said would save taxpayers roughly $8 million.
Legal Road Map For SIBs In Developing Countries
Instiglio
During 2014 we collaborated with the Thomson Reuters Foundation and Baker & McKenzie, along with 5 law firms in seven key markets for social impact bonds to develop a legal road map for SIBs in each of these jurisdictions. We know overcoming legal challenges are critical to properly designing and implementing SIBs and we know we can’t solve these questions alone. The objective of this is to guide anyone who is looking to bring social impact bonds to Brazil, Chile, Colombia, India, Mauritius, Mexico and/or South Africa along the legal obstacles that they may face.
Although this road map doesn’t provide all the answers, it’s a start. We’re happy and honored to be able to share this labor of love with those who are looking to further the results movement in international development. You can access the Legal Roadmap here.