ArticleAugust 2013

By Eytan Bensoussan, Radha Ruparell, and Lynn Taliento

Social Sector

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1. The Millennium Development Goals Report 2013, United Nations, July 2013, un.org.2. This research was conducted with the support of the ONE Campaign and the Bill &Melinda Gates Foundation.3. Suhas Ketkar and Dilip Ratha, eds., Innovative Financing for Development, WorldBank, 2009, openknowledge.worldbank.org. Israel began issuing diaspora bonds in 1951,and the $25 billion raised is from the inception of the program to date. India raised its $11billion over three separate issuances, in 1991, 1998, and 2000.4. Suhas Ketkar and Dilip Ratha, eds., Innovative Financing for Development, WorldBank, 2009, openknowledge.worldbank.org; Abebe Shimeles, “Diaspora bonds andsecuritization of remittances for Africa’s development,” Africa Economic Brief, Volume 1,Issue 7, African Development Bank, December 2010, afdb.org.5. For more, see the full McKinsey Global Institute report, Financial globalization: Retreator reset?, March 2013.6. Innovative Finance for Development Solutions: Initiatives of the World Bank Group,World Bank, 2010, worldbank.org.7. For more on social-impact bonds, see mckinseyonsociety.com.

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