International - Impact Bonds: Innovative Finance to Improve Aid Effectiveness in Africa
- E. Dussauge
- Derivatives & Financial Instruments, 2017 (Volume 19), No 1
- 10 April 2017
As the nature of development assistance and financial flows to Africa evolves, impact bonds – a form of results-based financing which works with private investors to fund social programmes – have the potential to improve the quality and efficiency of programme delivery in Africa to maximize social impact.