Thank you, Mr. Chair.
Thank you, Mr. Ciufo, for being with us today. Your presentation was extremely informative.
I had a chance to go over the document on social impact bonds that you sent us. It was quite interesting.
Like my colleague Mr. Garrison, I'm not opposed to social finance, but I wonder about a lot of things. I would say the witnesses we heard from were all over the map on the subject. We heard from Washington that direct government funding would be easier but that it would require private sector support, which would wind up costing more. Other witnesses voiced their concerns about the government backing away from funding. And now Quebec is dealing with a problem stemming from social finance. Concerns were raised about a particular private foundation and its considerable influence over the social policy of the government in power.
So many questions and concerns persist around the approach. Many parts of the world, including the U.K., are running pilot projects. No tangible results are in yet, but I, for one, am very eager to see them.
That said, some witnesses have said that social finance may not be the most appropriate method for certain aspects of public safety.
Do you agree with that?