Maximizing Finance for Development : Impact Bonds for Water and Sanitation in Latin America and the Caribbean

The maximizing finance for development (MFD) approach can be implemented to close the financing gap in the water and sanitation sector in Latin America and the Caribbean, helping the region in getting closer to achieving sustainable development goa...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	Washington, DC 2022
Subjects:	SDG FINANCING PRINCIPLES IMPACT BONDS RESULTS-BASED FINANCING WATER AND SANITATION FINANCING SDG 6 SUSTAINABLE DEVELOPMENT GOAL 6 INNOVATIVE PUBLIC FINANCE GLOBAL WATER SECURITY & SANITATION PARTNERSHIP (GWSP) LATIN AMERICA AND THE CARIBBEAN
Online Access:	http://documents.worldbank.org/curated/en/099230102142234381/P1668980676d060150923309d2e79f0054f http://hdl.handle.net/10986/37100

id	okr-10986-37100
recordtype	oai_dc
spelling	okr-10986-371002022-03-10T05:10:37Z Maximizing Finance for Development : Impact Bonds for Water and Sanitation in Latin America and the Caribbean World Bank SDG FINANCING PRINCIPLES IMPACT BONDS RESULTS-BASED FINANCING WATER AND SANITATION FINANCING SDG 6 SUSTAINABLE DEVELOPMENT GOAL 6 INNOVATIVE PUBLIC FINANCE GLOBAL WATER SECURITY & SANITATION PARTNERSHIP (GWSP) LATIN AMERICA AND THE CARIBBEAN The maximizing finance for development (MFD) approach can be implemented to close the financing gap in the water and sanitation sector in Latin America and the Caribbean, helping the region in getting closer to achieving sustainable development goal (SDG 6), particularly if emphasis is put on innovative financing, and linking SDG financing principles. In this overall context, impact bonds are some of the latest tools made available in the results-based financing (RBF) area. On the supply side, impact bonds can inject a more entrepreneurial approach into public service provision. By focusing on outcomes rather than activities, service providers are offered more latitude in the way they deliver services. Through a review of the most recent studies and research on the matter, this document explores the challenges faced by Latin America and the Caribbean in financing the development of its water and sanitation sector and its need for new instruments. It provides insights on impact bonds as one of the latest innovations in the field of RBF. Limitations of the evaluation include the fact that the instrument is rather young. Chapter one looks at the challenges faced by Latin America and the Caribbean in achieving SDG 6. Chapter two examines the financing gap and how new instruments, and innovative thinking can help tackle it. Chapter three explores a new paradigm, the emergence of impact bonds. Chapter four closes the loop by looking at how impact bonds can be a useful complement to closing the financing gap. The final chapter offers recommendations for the development of this relatively new instrument. 2022-03-09T16:59:28Z 2022-03-09T16:59:28Z 2022 Report http://documents.worldbank.org/curated/en/099230102142234381/P1668980676d060150923309d2e79f0054f http://hdl.handle.net/10986/37100 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Publications and Research Latin America & Caribbean Caribbean Latin America
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	SDG FINANCING PRINCIPLES IMPACT BONDS RESULTS-BASED FINANCING WATER AND SANITATION FINANCING SDG 6 SUSTAINABLE DEVELOPMENT GOAL 6 INNOVATIVE PUBLIC FINANCE GLOBAL WATER SECURITY & SANITATION PARTNERSHIP (GWSP) LATIN AMERICA AND THE CARIBBEAN
spellingShingle	SDG FINANCING PRINCIPLES IMPACT BONDS RESULTS-BASED FINANCING WATER AND SANITATION FINANCING SDG 6 SUSTAINABLE DEVELOPMENT GOAL 6 INNOVATIVE PUBLIC FINANCE GLOBAL WATER SECURITY & SANITATION PARTNERSHIP (GWSP) LATIN AMERICA AND THE CARIBBEAN World Bank Maximizing Finance for Development : Impact Bonds for Water and Sanitation in Latin America and the Caribbean
geographic_facet	Latin America & Caribbean Caribbean Latin America
description	The maximizing finance for development (MFD) approach can be implemented to close the financing gap in the water and sanitation sector in Latin America and the Caribbean, helping the region in getting closer to achieving sustainable development goal (SDG 6), particularly if emphasis is put on innovative financing, and linking SDG financing principles. In this overall context, impact bonds are some of the latest tools made available in the results-based financing (RBF) area. On the supply side, impact bonds can inject a more entrepreneurial approach into public service provision. By focusing on outcomes rather than activities, service providers are offered more latitude in the way they deliver services. Through a review of the most recent studies and research on the matter, this document explores the challenges faced by Latin America and the Caribbean in financing the development of its water and sanitation sector and its need for new instruments. It provides insights on impact bonds as one of the latest innovations in the field of RBF. Limitations of the evaluation include the fact that the instrument is rather young. Chapter one looks at the challenges faced by Latin America and the Caribbean in achieving SDG 6. Chapter two examines the financing gap and how new instruments, and innovative thinking can help tackle it. Chapter three explores a new paradigm, the emergence of impact bonds. Chapter four closes the loop by looking at how impact bonds can be a useful complement to closing the financing gap. The final chapter offers recommendations for the development of this relatively new instrument.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Maximizing Finance for Development : Impact Bonds for Water and Sanitation in Latin America and the Caribbean
title_short	Maximizing Finance for Development : Impact Bonds for Water and Sanitation in Latin America and the Caribbean
title_full	Maximizing Finance for Development : Impact Bonds for Water and Sanitation in Latin America and the Caribbean
title_fullStr	Maximizing Finance for Development : Impact Bonds for Water and Sanitation in Latin America and the Caribbean
title_full_unstemmed	Maximizing Finance for Development : Impact Bonds for Water and Sanitation in Latin America and the Caribbean
title_sort	maximizing finance for development : impact bonds for water and sanitation in latin america and the caribbean
publisher	Washington, DC
publishDate	2022
url	http://documents.worldbank.org/curated/en/099230102142234381/P1668980676d060150923309d2e79f0054f http://hdl.handle.net/10986/37100
_version_	1764486445761822720

Maximizing Finance for Development : Impact Bonds for Water and Sanitation in Latin America and the Caribbean

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