Позитивные изменения. Том 2, № 2 (2022). Positive changes. Volume 2, Issue 2 (2022) - страница 19

"The current model of social structure in the world in general and in our country in particular does not provide for or accept the existence of such a phenomenon as social investment and social investors. It is rather an exception to the rule. The very notion of "social investment" means people acting from surplus rather than deficit; it means the society has confidently reached the level of carrying out independent economic activity; it means the realization that every activity has its social impact in one way or another. And we need to make sure that this impact is positive and constructive, which in turn means that people are ready to take responsibility for society into their own hands. The existence of a large number of people in the society who have crossed this path on their own, allows us to raise the question of the transition to the economy of positive social impact. But this can only work fully if all of the society, that is, the majority of people in the society, have realized these things or at least share an understanding of them. This is a very high development level. Until we as a society have realized this, we can talk about individual examples of social impact projects or about creating a niche in the market that will include various positive social impact projects and enterprises. We need to make this niche a trendsetter in the market of independent economic activity. The world is now experiencing a tectonic shift of global transformation, as President Putin says. Russia has its own role in this process – the role of a crossroads, which should unite the world, first preventing it from self-destruction, acting as an exemplary country – a design of positive, constructive social impact, if you will, then spreading this model to the whole world. We’ll be working on this", Alexey Ryzhkov says.

The mechanism of social impact bonds initiated by VEB.RF was included in the Concept for Improving the Efficiency of Budget Expenditures in 2019–2024. Resources, including financial resources spent on social problems, must improve the quality of life of citizens.

According to Tatyana Burmistrova, there is a growing consensus in the society that the focus of paying for public services should shift from ensuring the fulfillment of formal quantitative results to achieving social effects.

Right now, most social services are provided by the state with little regard for how effective these programs and services are in achieving positive outcomes for the demographics served. Existing contracts with state or private providers of social services are paid based on a measurement of quantitative results achieved. The SIB model is in fact the key to effectiveness, as long as the social effect is not replaced by quantitative results. For example, the number of social contracts concluded (the expected result of one of the social impact projects in the Russian Federation) cannot in itself be a metric of the fact that signatories will get out of a difficult life situation by spending money to start their own business or learn a new profession.

"These kinds of errors occur as early as the design level of the project, and can only be avoided through a more thorough, sometimes longer design phase, involving all stakeholders, including beneficiaries. The design should be preceded by the data collection stage, the involvement of professionals in the field of evaluation and theory of change at the stage of project development", says Tatiana Burmistrova.