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Evaluating Impact Bonds – Balancing Evidence And Risk

Published: 
14 September 2016

Written in partnership with the Children’s Investment Fund Foundation, this paper explores the concept of evaluation in relation to Impact Bonds. The paper describes three levels of evaluation that may take place within an Impact Bond, but focuses on considerations around ‘Contractual Outcomes Metrics’ – the metrics against which Impact Bond payments are or aren’t made that carry with them both financial and reputational risk for outcomes funders and investors.