The COVID-19 pandemic has shattered both health systems and economies around the globe. The urgent response to the crisis has in many places also stalled work and progress on the United Nations Sustainable Development Goals.
But as we begin to look toward a recovery — and refocus our attention on the SDGs in what was billed as the “decade of delivery” — there is greater scrutiny on how funding for social impact projects is raised and distributed. While innovative financing tools were already gaining prominence and momentum before the crisis, their role will be even more important in supporting renewed efforts toward meeting the SDGs.
Coinciding with the 75th session of the U.N. General Assembly, Devex and UBS Optimus Foundation hosted an event to explore the next frontier for outcomes-based financing and social impact bonds. What is the future of these instruments, especially in uncertain times? And how are outcomes-based tools able to pivot and support the COVID-19 response?
Together with a panel of experts and leaders within the innovative finance space, we took stock of existing financing mechanisms to share lessons learned on effective investments and dive deeper into the experience, knowledge, and network required to boost social impact where it’s needed the most.
Watch the event recording above.