Social bonds are designed to raise proceeds for projects with positive social outcomes. The publication serves as a primer on how social bonds can facilitate more inclusive development and help in Asia’s recovery from COVID-19. It also identifies potential solutions to overcome salient barriers to social bond market development in the region. Contents Historical and Market Context Urgent Need for a Robust Social Bond Market in Asia Social Bonds—Current Market Profile Social Bond Market Participants Asian Social Bond Market Characteristics Overcoming Obstacles to Social Bond Market Growth in Asia The Way Forward COVID-19