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When, How, and Why to Use Impact Bonds

In: Scaling Impact

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  • Kusisami Hornberger

    (Dalberg Global Development Advisors)

Abstract

As discussed briefly in the previous chapter, an unfortunate simplification often undermines the use and scale up of results-based financing mechanisms. Many still equate all forms of innovative finance or results-based finance with just one flavor of contingency-based financing: the impact bond. However, not only are impact bonds not the only type of results-based finance, but they are also inappropriate in many contexts. I learned this the hard way through personal experience.

Suggested Citation

  • Kusisami Hornberger, 2023. "When, How, and Why to Use Impact Bonds," Springer Books, in: Scaling Impact, chapter 0, pages 193-203, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-22614-4_15
    DOI: 10.1007/978-3-031-22614-4_15
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