OverviewPay for Success is a financing tool that allows governments to pay for outcomes and shift the risk for new programs to outside investors. Investors provide the upfront capital to scale a new social program and are paid back only if the programs achieves predefined outcomes set by the government. To date, there have been about 20 PFS projects that have launched with dozens more in development. This webinar will introduce NIGP to the mechanics of Pay for Success, explain what it means to pay for outcomes, and provide an overview of the strengthens and weaknesses of the model.
What You'll Learn
2. Understand and explain how governments can pay for social service outcomes
3. Understand when pay for success is an appropriate tool for procuring social services