In part 1 of this Q&A article, Elyse Sainty, one of the most experienced SIB practitioners in the country, explains what SIBs are, reflects on the initial SIBs and explores why the various parties get involved.

Part 2 of Elyse Sainty’s letter from the frontline of Australia’s foray into social impact bonds outlines her ‘thoughts and prayers’ for their future.

After seven years ‘in the trenches’ as part of Australia’s foray into social impact bonds, Elyse Sainty shares her insights around SIB myths and legends in part 1 of this article.

The social impact bond (SIB) innovation is gathering pace around the world and here in Australia, but it is still very early in the development of this nascent market.