Students Getting to Work

Good deeds Foundation


To launch the first social impact bond in Estonia, the state needs to announce a public procurement and conclude a performance-based agreement with the successful bidder.

Considering the Estonian context and the readiness of the parties, the optimal solution would be establishing a Special Purpose Vehicle (SPV) that participates in the public procurement. As a legal entity, the SPV would be a non-profit organisation established to act as an intermediary in the project, connecting the other parties of the project, concluding the contracts needed to implement the project and acting as a project manager.

Should this non-profit organisation be successful at the public procurement, the state would award it a contract for implementing the social impact bond project. In order to carry out the project, the intermediary would then conclude:

a) loan agreements with investors providing the up-front financing for the project,
b) contracts with the service provider(s) who would implement the agreed-upon intervention,
c) jointly with the contracting party, an agreement with an independent evaluator to assess whether the agreed-upon results have been achieved and the prerequisites for the outcome payment have been fulfilled.

The source of financing depends on the specific social impact bond model (including the legal form of the intermediary) and investors’ preferences (including the level of engagement). In the pilot project the up-front financing will be structured as a loan, deemed to be the most suitable and practical financing method for the selected framework. Depending on the structure of future projects and the participants’ preferences, financing may also take the form of convertible loans, convertible bonds, options or holdings.



Share this article





Related Posts


Every good deeds Quotes
Every good deeds Quotes

Latest Posts
State of California Environmental Protection Agency
State of California…
The Attorney General has…
Environmental Protection Agency mission
Environmental…
Making a Visible Difference…
International Environmental Protection Act of 1983
International…
Taimur Khan, AJ Khan Law…
Environmental Protection slogans
Environmental…
Go Green slogans are a…
Environmental Protection speech
Environmental…
On Saturday, September…
Environmental Protection Agency Chicago
Environmental…
What We Do The Chicago…
Nevada Department of Environmental Protection
Nevada Department…
Site Assessment and Ranking…
New Jersey Environmental Protection Agency
New Jersey Environmental…
Jon Hurdle / StateImpact…
Guyana Environmental Protection Agency
Guyana Environmental…
The Environmental Protection…
Monaco Yacht Show 2016
Monaco Yacht Show 2016
The Monaco Yacht Show started in 1991...
Search
Featured posts
  • List of good deeds for children
  • Good deeds International
  • Every good deeds Quotes
  • Quotes on good deeds
  • Good deeds for Kids
  • Good deeds Wiki
  • Good deeds articles
  • Good deeds to do for Others
  • 50 good deeds
Copyright © 2023 l gooddeeds.eu.org. All rights reserved.