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Article

25 Mar 2015

Author:
Motoko Aizawa, Daily Star

Could social impact bonds strengthen building & fire safety in Bangladesh's garment factories?

...Governments and public-private partnerships are...applying bond proceeds to achieve various humanitarian and social outcomes...Social impact investing encompasses a wide range of financing structures applied for desirable social outcomes via various channels of impact capital...Dhaka Bonds seem like a particularly attractive option...The way forward for Bangladesh building and fire safety is to come up with an innovative structure involving public actors (e.g., the Government of Bangladesh, City of Dhaka, donors) and private ones (e.g., the brands, service delivery or implementation organisations) with help from development finance experts and an intermediary organisation...The key is to identify the specific social outcomes that must be achieved by the financing, and to create a programme structure for administering the funds in a way that is most efficient and effective.

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