Ministry of Health well on the way to delivering NZ's first social impact bond

Thu, 16 Apr 2015

By Fiona Rotherham April 16 (BusinessDesk) - The Ministry of Health is well down the track to pilot the country’s first social impact bond, originally mooted 18 months ago, which would pay out on measurably improved social outcomes such as reductions in alcohol and drug use or recidivism. The government gave approval in October 2013 for the ministry pilot to test the appetite of healthcare providers and investors for the bonds, which are already going mainstream in the US and in the UK where they started five years ago. With social impact...

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