$5.3 Million 'Social Impact Bond' Fund For Latin America Launches

Social Impact Bonds are coming to Latin America and the Caribbean. Following the lead of the U.K. , the U.S., and other places, the Inter-American Development Bank (IADB), which provides development financing for Latin America and the Caribbean, recently announced that its Multilateral Investment Fund (MIF) is testing out the new approach with a $5.3 million program. The IADB provides loans, grants, and technical assistance to the region, while The MIF works with innovative, somewhat riskier pro...