Tag: New Zealand

$1.5M Social Impact Bond to Benefit the Mentally Ill in New Zealand

Social impact bonds will one day be in your KiwiSaver
Purpose-driven investors expect to get a return when certain social outcomes are reached, which in the case of a New Zealand bond is getting those who are mentally ill into stable jobs. The program, dubbed "social experiment" is being closely watched by those against the notion of privatizing state services and those who are proponents of innovative social welfare.