New development: Are social impact bonds (SIBs) viable in Italy? A new roadmap

Abstract

This paper presents a roadmap to support the development of social impact bonds (SIBs) in Italy. Current barriers and opportunities are explained. SIBs should be piloted in areas where the cultural, ideological, technical and governance barriers are low. Accurate measurement systems will be necessary and an effective governance structure needs to be agreed. With careful piloting and follow-up, the SIB model could be a solution to welfare and public service funding in Italy.

Keywords:

• Impact finance
• Italy
• social impact bonds (SIBs)
• welfare withdrawal

Additional information

Notes on contributors

Irene Bengo

Irene Bengo is a researcher in the Department of Management, Economics and Industrial Engineering, Politecnico di Milano, Italy.

Mario Calderini

Mario Calderini is a full professor in the Department of Management, Economics and Industrial Engineering, Politecnico di Milano, Italy.