Financing the public health approach to crime in Trinidad and Tobago

How are public health approach to crime initiatives funded?

Initiatives/Programmes may be funded by social impact bonds and payment by results.

Social Impact Bonds (‘SIBs’) are funding mechanisms where private investors finance social programmes upfront, and the government repays them only if predefined outcomes – such as reduced crime rates – are achieved. This model shifts financial risk away from the public sector while encouraging effective, results-driven interventions. It is, in essence, a contract with the public sector to pay for better social outcomes in exchange for a return on investment once the desired social outcomes are achieved.

Payment by Result (‘PBR’) is a cash on delivery type financing tool that makes payments contingent on the independent verification of results. It is the practice of paying service providers (like private charities) for delivering services after agreed results have been achieved.

These financing tools leverage private investment for public good.