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Transforming Rehabilitation is being dressed in sheeps clothing

Initial results from the world’s first Social Impact Bond (SIB) were announced last week. The landscape has changed radically since the SIB was first dreamt up, so that it gets cited as evidence for or against reforms that its creators could not have anticipated. The uses and abuses of its name have been legion and nearly all opportunistic. All of which obscures any attempt to judge the merits of the SIB on its own terms. ...

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