Editing Public–private partnership (section)

=== Social impact bond ===
[[Social impact bond]]s (also called ''pay for success'' bonds) are "a public–private partnership which funds effective social services through a performance-based contract", according to [[Social Finance (consultancy)|Social Finance]]'s definition.<ref>{{cite book |publisher=[[Social Finance (consultancy)|Social Finance]] |date=July 2016 |title=Social Impact Bonds: The Early Years |url=https://socialfinance.org/wp-content/uploads/2016/07/SIBs-Early-Years_Social-Finance_2016_Final.pdf}}</ref> They operate over a fixed period of time, but they do not offer a fixed rate of return. Generally, repayment to investors is contingent upon a specified social outcome being achieved.<ref>{{Cite web|date=August 2009|title=Social Impact Bonds: Rethinking finance for social outcomes|url=https://www.socialfinance.org.uk/sites/default/files/publications/sib_report_web.pdf|publisher=[[Social Finance (consultancy)|Social Finance Ltd]]|publication-place=[[London]]}}</ref> A similar system, [[development impact bond]]s, is being implemented in [[developing country|developing countries]].