Social Impact Bonds and Belgium's Plan for Recovery and Resilience
In June 2021, the European Commission approved the Belgian Plan for Recovery and Resilience. Belgium will receive €5.9 billion from Europe to address the economic and social impact of the Covid-19 pandemic. The plan explicitly refers to the use of Social Impacts Bonds (SIBs), a form of public-private partnership, to finance social projects. Yvette Verleisdonk an expert in the field of SIBs, discusses the ways in which SIBs can be used to address social challenges in an article in the newsletter of MVO Vlaanderen, an organisation promoting SCR in Belgium.