India’s progressive Central Bank Governor endorsing SIB structures is marvellous news all round for the subcontinent and the entire SIB world.
Greetings from Moscow where a first few flakes of snow are passing my hotel window on the edge of Red Square…
RBI Governor’s Nod To Social Impact Bonds To Build AP
The Times of India
Reserve Bank of India governor Raghuram Rajan on Wednesday responded positively to the proposal of the Chandrababu Naidu government to float social impact bonds (SIB) to mobilize finances for creation of capital assets as part of the ‘Build Andhra programme.’
The purpose behind floating the SIB is to attract corporate social responsibility funds from corporates which would stand to benefit from the state’s industrial and IT policies in addition to groups which have already benefited from the state.