12. Emphasises, therefore, that Member States should make more use of innovative approaches to financing, including participation by the private sector and financial engineering through instruments such as social impact bonds, public-private partnerships, microfinance, the social investment passport and policy-based guarantees;
12. onderstreept in dit verband dat de lidstaten bij de financiering op grotere schaal van innovatieve benaderingen gebruik moeten maken, waaronder participatie door de particuliere sector en "financial engineering" middels instrumenten zoals sociale impactobligaties, publiek-private partnerschappen, microfinanciering, het paspoort voor sociale investeringen en op beleid stoelende garanties;