This brief examines the growth, size, and scope of the impact bonds market since its inception in 2010. It details the geographic and sectoral spread of 194 contracted impact bonds across 33 countries, representing over $421 million in upfront investment. The report analyses the drivers of growth, existing barriers to scale, and the future potential of impact bonds and outcomes-based financing, highlighting countries like the UK, US, Netherlands, Portugal, Australia, and India as significant markets.
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