Impact Bonds - The World's First Impact Bond

Nonprofits or NGOs often find themselves limited by the terms of available grants, which may be insufficient or too short-term to meet certain needs. Enter development impact bonds, or investments made by a little-known government agency. Dia Martin, a managing director on the social enterprise finance team of the US International Development Finance Corporation talks with Dr. Josh Sharfstein about these bonds, and two initial projects: a cataract clinic in Cameroon and micro-enterprises for Syrian refugees in Jordan and Lebanon.