New South Wales in Australia looks to PFS scheme for prisoner re-incarceration reduction while there is a review of the DIB market and an interview with Sir Ronald Cohen…
National Australia Bank Signs Up To Reduce Prisoner Re-Incarceration Rate
Sean Nicholls – SMH
Almost 4,000 ex-prisoners on parole will be offered intensive individual support in a bid to prevent them returning to jail under the latest “social impact investment” scheme launched by the NSW government.
National Australia Bank and the non-profit Australian Community Support Organisation (ACSO) have signed up as investors in the scheme, which aims to reduce re-incarceration rates.
It will see 3900 parolees over five years receive the support to help their reintegration into the community, particularly in the first 16 weeks after release.
The Transition Regeneration and Community Connection program – otherwise known as On Tracc – will be run by ACSO and a fellow non-profit, arbius.
The investment amounts and potential returns are not being publicly released by the NSW government.
Have Development Impact Bonds Moved Beyond The Hype?
Adva Saldinger – Devex
When development impact bonds were first discussed about three years ago, there was quite a bit of excitement and hype about their potential. While some of that enthusiasm may still exist, the intervening years and initial experiences of trying to launch DIBs have brought expectations down to earth.
The Black Cab Interviews: Sir Ronald Cohen (subscription)
Ellie Ward – Pioneers Post