Open AccessSocial Impact Bonds: Development Prospects in the Russian Federation
Author(s) -
Д. Г. Миракян
Publication year - 2020
Publication title -
mir novoj èkonomiki
Language(s) - English
Resource type - Journals
eISSN - 2220-7872
pISSN - 2220-6469
DOI - 10.26794/2220-6469-2020-14-2-91-100
Subject(s) - poverty , work (physics) , bond , investment (military) , russian federation , state (computer science) , business , social impact , social change , economic growth , impact investing , political science , finance , public relations , economics , economic policy , sociology , engineering , computer science , mechanical engineering , population , demography , algorithm , politics , law , emerging markets
Amid the state budget deficit, there is a problem of financing social projects. In this regard, new sources of extrabudgetary funding for social issues need to be sought. Financial instruments capable of implementing various social programs include social bonds. This study identifies the main characteristics of social impact bonds (SIB): fundamental principles, mechanism of work. The current work describes the practice of implementing social impact projects on education, poverty, ecology, etc., presenting the experience of the USA and several European countries. This study analyses Russia’s present state and prosperities in the development of SIB projects. The research defines the unique catalyst-funds role in processes of impact investment, as well as the suitability of their creation in Russia. The author analyses opportunities and likely risks from social impact projects realization.