PLY: Three encouraging stories emanating from Canada, Dubai and the US with ramifications for the world via SIBs…
Nurse-Family Partnership Announces Clinton Global Initiative America (CGI America) Commitment to Action to Improve Birth & Child Health Outcomes
PRNewswire-USNewswire
Nurse-Family Partnership announced its CGI America Commitment to Action to improve birth and child health outcomes for first-time mothers and their babies in New York. Commitments to Action are the defining feature of CGI that are new, specific, measurable ways to address a significant global challenge. The national Nurse-Family Partnership (NFP) program, based in Denver, Colo., is the leading home visiting program for achieving significant outcomes in maternal and child health for families living in poverty. As part of its commitment, pending contract with New York State, Nurse-Family Partnership is seeking philanthropic support to launch the first U.S. maternal and child health Pay for Success project – an innovative, public-private partnership funding model – to rapidly scale its program to create better opportunities for inner-city children in New York that will break cycles of poverty and positively impact the country’s economy.
Canada – Pallister Promises Private Bonds For Non-Profits
Bruce Owen – The Carillon
A Progressive Conservative government would help fund non-profit groups using privately funded social impact bonds.
Opposition Leader Brian Pallister said today if he becomes premier in next year’s election, his government would enter into a contractual agreement with an intermediary that administers the social impact bonds (SIB).
He said the intermediary would be responsible for identifying private-sector investors, raising capital and hiring and managing non-profit service providers.
If a project achieves the specified objectives, Pallister said his government would then repay the investor’s capital contribution plus an agreed-upon return.
He said SIBs would allow the government to target innovative services and build on current social services programming — not replace it.
The Tories also say SIBs are instead a way to use private capital for the public good.
Rising Private Investment In EMs Provides Opportunities For New Financing Mechanisms: Peter Vanderwal
The Economic Times
Peter has almost 20 years’ experience designing and leading innovative positive impact programmes in a wide range of settings across Papua New Guinea and the South Pacific, South East Asia, South Asia; and a number of countries in West, East and Southern Africa. He is currently working for the GRM Futures Group, based in Dubai, leading the company’s innovative financing solutions, which cut across all of its geographic and technical areas.
Over the past year, Peter has been leading a company-wide working group designing a number of Development Impact Bonds in India, Ethiopia, Vietnam and Papua New Guinea, and supporting the development of the company’s impact investing strategy.