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Pay for Success Financing

Social impact bonds have become a global phenomenon and are now being tested in Australia, Canada, the United Kingdom, and more recently in New York, Massachusetts, and Ohio. The April 2013 issue of the Community Development Investment Review, published by the Federal Reserve Bank of San Francisco, is a comprehensive resource for the most current thinking on the origins, models, and potential implications of Pay for Success Financing. To see the Community Development Investment Review, click here.