Thank you, Mr. Chair, and thank you to the witnesses for being here.
When we started this study, the first question I asked myself was why are social financing and social impact bonds needed?
One of the conclusions I came to in my mind is that government departments are good at formulating purposes and objectives, but they're not too good at putting business plans together and implementing the things that need to be done to meet these objectives.
Would you, first of all, say that's true% Then, in saying that, you talked about our needing infrastructure accountability or something to maybe get some of those skills put into the government people who are implementing these types of social financing, or whatever they would be.
Would you say that's a good evaluation and that's the reason we're looking at this, or would you say that we're looking at it more from the private sector?