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Meet the Social Impact Bond, a win-win solution to problems

This tool unites the public, private and people sectors to achieve social outcomes.

We Singaporeans are well known for our pragmatism. We will fund what shows the best results without fear or favour, while our kiasu mentality drives us to try to get the most bang for our buck. The more I work on these projects around the world, the more I am convinced that if any country can use SIBs for the right reasons, it is us.

IS there always a hard choice between doing good and doing well?

Around the world, a new tool called the "Social Impact Bond" (SIB) is gaining popularity. This is an innovative way for the public, private and people sectors to collaborate in achieving social outcomes.

Here's how it...

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