PFS Guidance: Briefs and Reports

Brief

Managing Investors’ Risk in Pay for Success Projects

Pay for success (PFS) projects offer governments opportunities to invest in outcomes and employ new capital to meet the needs of their communities. But PFS projects also carry risks. For investors, the risks relate to the project failing to meet its outcomes or the government reneging on its commitment to pay. Investors’ perceptions of risk matter. Projects with high or unclear risk may discourage investors and prevent the project from launching.

Brief

Solving the Wrong Pockets Problem

PFS provides a logical framework that can help remove barriers to better governance. Here we describe several wrong pocket problems and advance PFS theories that may address those issues.