Pipeline
| ID | INDIGO-PL-0039 |
|---|---|
| Project Name - (Value) | INNOVAEDU: Pago-Por-Resultados de Innovaciones Educativas en El Salvador |
| Contact - Name - (Value) | Carmen Castro Blandón, Estrella Peinado-Vará |
| Contact - Email - (Value) | cceciliac@iadb.org, estrellap@iadb.org |
| State of Development - (Value) | Current |
| State of Development - (Source ID's) | source1 |
| Stage of Development - (Value) | Early stage |
| Stage of Development - (Source ID's) | source1 |
| Stage of Development - (Notes) | Right now both operations are in the stage of design. |
| Type of instrument and project - Impact Bond - (Value) | Yes |
| Type of instrument and project - Social Impact Guarantee - (Value) | No |
| Type of instrument and project - Payment-by-results (no pre-financing) - (Value) | No |
| (Source ID's) | source1 |
| Part of a larger outcomes-based financing program? - Part of a larger outcomes-based financing program? - (Value) | No |
| Part of a larger outcomes-based financing program? - (Source ID's) | source1 |
| Dates - Expected Launch Date - (Value) | Q4 - 2022 |
| Dates - Total expected project development time - (Value) | 12-24 months |
| Dates - Expected length of project (years) - (Value) | 3 |
| Dates - Project design process began - (Value) | Q4 2021 |
| Dates - (Source ID's) | source1 |
| Rationale for using outcome based finance - (Value) | Promote a culture of intervention based on result and engage private actors |
| (Source ID's) | source1 |
| Key challenges to launch - (Value) | Identifying actors with disposition to co-create this intervention, fast learning about the instruments, identifying private investors that could support the model and developing a market |
| (Source ID's) | source1 |
| Role of the domestic government - Outcomes funder - (Value) | Yes |
| Role of the domestic government - Service provider - (Value) | No |
| Role of the domestic government - Member of project committee - (Value) | No |
| Role of the domestic government - No formal role - (Value) | No |
| Role of the domestic government - Other - (Value) | Informed and possible scale |
| (Source ID's) | source1 |
| Service providers identified and selected - Request-for-proposals - (Value) | No |
| Service providers identified and selected - Direct contracting by outcome funder/investor/intermediary - (Value) | No |
| Service providers identified and selected - Provider-led deal development - (Value) | No |
| Service providers identified and selected - Other - (Value) | Scoping study conducted last year, there where some possible providers pre-identified |
| (Source ID's) | source1 |
| Feasibility study - (Value) | Yes |
| (Source ID's) | source1 |
| Proposed financing instruments - Debt - (Value) | No |
| Proposed financing instruments - Equity - (Value) | No |
| Proposed financing instruments - Guarantee - (Value) | No |
| Proposed financing instruments - Grant - (Value) | Yes |
| (Source ID's) | source1 |
| Technical assistance grant - Technical assistance grant - (Value) | No |
| Technical assistance grant - (Source ID's) | source1 |
| Overall project finance - Estimated Maximum potential outcome payment - Currency - (Value) | USD |
| Overall project finance - Estimated Maximum potential outcome payment - Amount - (Value) | 1500000 |
| Overall project finance - (Source ID's) | source1 |
| Overall project finance - (Notes) | $1.5MM |
| Purpose and classifications - Social/Developmental challenge - (Value) | Throughout the last decade, El Salvador has faced multiple educational challenges that has conditioned its socioeconomic development and slowed its progress towards quality, inclusive and equitable education, eg. violence in schools, overage students, low quality educational offer and of little relevance to the needs of the future labor market, among others. All these challenges contribute to the “funnel effect” of exclusion from the educational system: “many start, few finish, and those who learn are even fewer” . In essence, the funnel effect explains the impact that multiple barriers have on students' educational trajectories towards reaching minimum levels of learning necessary for work and life, and which have been exacerbated by Covid-19. Within this framework, this project will address two interrelated challenges: (i) Early dropouts at the secondary level, and (ii) acquisition of Skills for the 21st century. |
| Purpose and classifications - Expected intervention model - (Value) | TBD. Interventions primarily targeting to increase STEM knowledge and abilities, as well as to reduce drop out rates |
| Purpose and classifications - Policy sector - Employment and private sector development - (Value) | No |
| Purpose and classifications - Policy sector - Education - (Value) | Yes |
| Purpose and classifications - Policy sector - Social protection - (Value) | No |
| Purpose and classifications - Policy sector - Health - (Value) | No |
| Purpose and classifications - Policy sector - Agriculture - (Value) | No |
| Purpose and classifications - Policy sector - Environment and climate change - (Value) | No |
| Purpose and classifications - Policy sector - Water, Sanitation and Hygiene - (Value) | No |
| Purpose and classifications - Policy sector - Energy - (Value) | No |
| Purpose and classifications - Policy sector - Humanitarian - (Value) | No |
| Purpose and classifications - Secondary SDG goals - (Value) | 4, 5 |
| Purpose and classifications - (Source ID's) | source1 |
| Service users and beneficiaries - Target population - (Value) | Secondary students from 5th - 7th grades in Honduras and from 7th-9th grades in El-Salvador in both countries with a gender focus. |
| Service users and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 1500 |
| Service users and beneficiaries - (Source ID's) | source1 |
| Service users and beneficiaries - (Notes) | Approximately, 1000 – 1,500, 40% - 50% girls |
| Notes - (Value) | Data for this pipeline project was last updated in April 2022 |
| Delivery Locations 1: Location - Name - (Value) | El Salvador |
| Delivery Locations 1: Location - Country - (Value) | SV |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 13.7942 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 88.8965 |
| Service Provisions 1: Notes | Ed Techs |
| Outcome Payment Commitments 1: Notes | Fundación Empresarial para el Desarrollo Educativo (FEPADE) |
| Investments 1: Notes | TBD |
| Intermediary services 1: Notes | IDB Lab |
| Intermediary services 2: Organisation Role Category - (Value) | Other |
| Intermediary services 2: Notes | Evaluator - TBD |
| Intermediary services 3: Organisation Role Category - (Value) | Other |
| Intermediary services 3: Notes | Advisor - Fundación Corona, Colombia IDB Lab Specialist |
| Outcome Metrics 1: Outcome Definition - (Value) | TBD |
| Outcome Metrics 1: Outcome validation Method - (Value) | TBD |
| Outcome Metrics 1: Notes | sill under definition |