The Social Impact Bond (SIB) is an innovative tool with the potential to change the working relationship among the public and private sectors and Civil Society Organizations.
Originally developed in the United Kingdom in 2010, the Social Impact Bonds model has expanded to several countries around the world. Since then, more than 130 SIBs have been implemented, working on several fronts such as education, health, housing, employment and criminal recidivism. SITAWI is one of the pioneers working with this instrument in Brazil.
Always focused on the measurable impact of interventions, the differential of the Social Impact Contract is to encourage greater efficiency and flexibility in the performance of social services. Currently, public procurement of services based on prescribed activities inhibits the search for efficiency, innovation and ignores the result. By linking payment to the achievement of social results, SIBs innovates by transferring the risk from the operator to the investor.
SITAWI can support all phases of a SIB implementation: ideation, feasibility analysis, operational and financial modelling and assistance in contracting matters – including coordination with Governments, Social Service Providers (social organizations), Impact Evaluators and Investors. Our unique combination of finance and management consulting skills in cross-sectoral and multidisciplinary projects ensures alignment of interests among all parties involved in solving social challenges.
Our background and expertise strategically position SITAWI to lead the implementation of SIBs in Brazil, promoting partnerships and coordinating projects including government teams, NGOs, investors and evaluators.
|In 2019, we took a new leap towards the dissemination of CIS, with the 1st SITAWI Call for Social Impact Bonds. The initiative, supported by FAPERJ and the Sabin Institute, aimed to encourage public managers to contribute to the modernization of their governments’ management and the improvement of public services offered to the population.|
We received applications from four regions of Brazil, from the large state governments of São Paulo and Rio de Janeiro, to the city hall of small cities, such as Thailand, in Pará, and Paranatama, in Pernambuco. We live and we saw in practice that innovation is for everyone and that there are purposeful and creative governments in the country.
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Lead by SITAWI, the portal aims to become a reference center about SIBs in Brazil, promoting cross-sector information exchange and spreading knowledge and successful experiences that can guide more effective policies, programs and practices to address Brazil’s complex social challenges. Visit .