Piloting Social Impact Bonds in Ukraine

This report explores Ukraine’s first Social Impact Bond (SIB) pilot. As an innovative, outcome-based financing model, the initiative aims to reduce long-term grant dependency and strengthen sustainable recovery mechanisms. The publication presents a feasibility assessment and proposed design options for piloting a SIB in Ukraine, based on research, stakeholder consultations, and fieldwork. It is intended as a working document to foster dialogue, learning, and the further development of outcome-based financing approaches for Ukraine’s recovery.