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This article looks at international trends in collaboration between businesses, public sector and social enterprises. In the first section the authors discuss benefits of implementing the pay‑for‑outcomes approach. The second section focuses on social impact bonds – a financial mechanism in which private investors pay for a set of interventions to improve a social outcome that is of interest to a government. The role of social enterprises as important partners of the public sector is also discussed. The article concludes with recommendations on how governments can stimulate and enhance cooperation between public institutions, private sector and social enterprises.
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