8 enero 2021 | Internacional, Internet

Mercado global de bonos de impacto 2020

Por Emily Gustafsson-Wright and Sarah Osborne.

It goes without saying that 2020 brought a lot of challenges and changes to the world. These challenges wrought by COVID-19 have been felt most acutely by some of the most vulnerable populations in the world. At the peak of the pandemic, approximately 1.6 billion children—90 percent of the student population globally—were out of school. One estimate suggests that a school closure for a third of the year results in an average of 1.03 years of learning loss for a third grade student. In addition, the number of employed persons and hours worked declined steeply across countries, ranging from a staggering 46 percent decline in hours worked in Mexico to a still high rate of 10 percent fewer hours worked in Australia. Moreover, COVID-19 has contributed to the worsening of gender poverty gaps, as women have largely experienced the burden of unpaid care and domestic work while quarantine measures have closed schools and kept people at home.[…]


Our team at Brookings spent much of 2020 analyzing this theory. At the end of May, we published a policy brief examining the early effects of the crisis on projects supported by impact bonds. In interviews with stakeholders from 20 impact bonds from around the world, we overall found that the impact bond structure seemed to provide room to adjust course, as well as a strong framework for collaboration and problem-solving in the wake of the crisis. Some stakeholders noted, however, that the contractual agreements around outcome achievement and payments did cause some challenges.[…]


While much of the world’s focus was on the pandemic, March 2020 also marked the 10-year anniversary of the first impact bond. Throughout the month of September, we evaluated evidence across five different dimensions of success related to impact bonds in a series of five policy briefs.[…]


While the end of 2020 brought good news with the start of vaccine distribution, the impacts of the crisis will continue well into 2021 and beyond, especially for many of the world’s most vulnerable populations. As such, we will continue to research the effects of COVID-19 to understand its holistic impact, as well as the use of impact bonds as a tool to build back better after the crisis, and we expect to publish more on this in the coming months.[…]

Fuente: Brookings

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