Mobilizing Private Capital for Public Good: Measuring Progress During Year One
This report highlights some of the developments relevant to the recommendations of the Task Force on Social Finance over the past year. The progress is encouraging, especially given ongoing economic instability. Canada’s government, business sector, foundations and community groups are all contributing by expanding our collective knowledge, catalyzing policy work and supporting the development of social finance tools and products.
As expected, there are gaps that need to be addressed, and the corporate and financial sectors must engage more fully. The new Centre for Impact Investing at MaRS will help accelerate these efforts by providing a nexus for stakeholders to work together on new financial products and services, develop new talent and share best practices. It will also continue our engagement with international organizations doing pioneering work elsewhere.