Social Impact Bonds and Pay-for-Success projects are gaining recognition around the world for tackling complex social challenges such as poverty, crime, education, health, and workforce success. Rooted in innovative public-private-nonprofit partnerships, these transactions leverage philanthropic and investment capital to measurably improve the lives of vulnerable populations, and reflect a deep commitment to driving social progress through market-based approaches.
As Asia readies itself to adopt this model, AVPN has brought in two experts from the US and Australia to discuss their experience in structuring and executing social innovation financing instruments in their respective countries.
For the first part of the Social Impact Bond webinar series on 17th March 2014, we had Jane Hughes, Director of Knowledge Management of Social Finance US, speak about her experience with Social Impact Bonds. Jane Hughes is the Director of Knowledge Management at Social Finance where she focuses on analyzing industry trends, enhancing organizational learning, and disseminating knowledge to our key audiences. She has inhabited both the financial world and social development world and is dedicated to bringing these forces together for the benefit of all stakeholders.
Most recently, Jane was executive director of World Learning’s master’s degree program in sustainable development in Washington, D.C., where she created and taught a course on microfinance and impact investment. She spent 17 years as an international finance professor at Brandeis University’s International Business School. Prior to her academic career, Jane was a vice president at Manufacturers Hanover Trust Company in New York. Jane has consulted, lectured, and published widely in the fields of international banking and finance; business, government, and the global economy; and international development. She co-wrote a leading textbook on international banking, and is currently working on a second edition of Separating Fools From Their Money: A History of American Financial Scandals (first edition, 2007).
Jane graduated magna cum laude from Princeton University with a degree in French literature; she also has a master’s degree from Johns Hopkins University School of Advanced International Studies, and an MBA from New York University. She has just co-authored the latest Social Finance publication titled “Foundation for Social Impact Bonds“.
Attached is the recording of the webinar:
Please scroll down to view the presentation slides.