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Developing the SIB ecosystem - Lessons from Latin America
Overview

Engaging with Evidence is a series of interactive online convenings hosted by the GO Lab and designed to encourage a greater understanding of the latest evidence on the use of cross-sector partnerships focused on outcomes. Throughout 2021, this series will offer an open platform for policymakers, practitioners and researchers around the world to engage with key findings from the latest research and evaluation work in the field. Participants will have the opportunity to:

  • discuss new evidence directly with the authors of research and evaluation studies; 
  • hear the practical insights of the partners involved in the development and implementation of the projects under discussion; and 
  • reflect on the relevance of the evidence to their own work.

Building independent, high-quality evidence

At the GO Lab we believe in the importance of building independent, high-quality evidence and disseminating it effectively to inform policy decisions and improve practice on the ground. As new evidence around the use of outcomes-based approaches is starting to emerge, we hope that with this series of online convenings we can continue to bridge the gap between evidence and practice. The series aims to foster real dialogue between policymakers, practitioners and researchers in an honest, transparent and constructive way. Both veterans and explorers interested in better understanding the latest evidence around the use of outcomes-based approaches are welcome to join these sessions.

What to expect

Each session will last 90 minutes and will feature a distillation of key findings, reflections from a diverse panel of experts, as well as ample time for contributions and questions from all participants. Topics that we will explore as part of this series include: lessons from Latin America around building a SIB ecosystem, evidence from the implementation of development impact bonds in low- and middle- income countries, insights from the experience with impact bonds in the UK, insights around the use of social outcomes contracting in Europe, learning from the design and implementation of outcomes funds. 

Our sessions will be chaired by Andreea Anastasiu, Policy and Engagement Manager (GO Lab), and Tanyah Hameed, Research and Policy Associate (GO Lab). All sessions are free to attend and open to all, but will be of particular interest to policymakers and other practitioners interested in developing sustainable, system-wide outcomes-based approaches.  

If you’d like to suggest a topic or highlight a recent study that you’d like to see discussed on a future session, please contact our moderators Andreea Anastasiu or Tanyah Hameed.

Session overview

To launch GO Lab’s Engaging with Evidence series, we hosted an online session in partnership with Ecorys and the Innovation Lab of the Inter-American Development Bank Group (IDB Lab), focussing on new evidence and insights from the process of developing social impact bonds (SIBs) in Latin America. The session drew on a recent Ecorys report which captures lessons from the experience of introducing SIBs in five Latin American countries: Colombia, Argentina, Chile, Mexico and Brazil. We explored key factors for developing the SIB ecosystem, discussed how these can be applied elsewhere, and invited participants to share their experiences from different contexts.

We were joined by a leading panel of speakers from across the globe. They brought expertise on impact investment, social innovation and development finance as well as their own practical experience in launching and leading social impact bonds in the region.

Resources:

About the report

There is much to be learnt from the diverse contexts where work on SIBs has been done, five of which are explored in this report. As part of this study commissioned by the Innovation Lab of the Inter-American Development Bank Group (IDB Lab), Ecorys considers three phases for developing the SIBs market: Developing SIBs for the first time, establishing the SIB mechanism, and growing the market. Each of these phases has different objectives and measures of success. The report also discusses how development impact bonds (DIBs) fit within this ecosystem, and whether they can act as a fourth phase in circumstances where a transition to SIBs is sought.    

In addition, five facilitators in the SIB development process are identified and described in the report – DREAM: 

  1. Demand from government   
  2. Regulatory framework  
  3. Economic and political context  
  4. Availability of data
  5. Market capacity     


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