Project
| ID | INDIGO-POJ-0058 |
|---|---|
| Impact Bond Name - (Value) | Finance for Jobs (F4J) |
| Alternative Names - (Value) | Palestine Youth Employment Project |
| Stage of Development - (Value) | Implementation |
| Dates - Date outcomes contract signed - (Value) | 2019-10 |
| Dates - Start date of service provision - (Value) | 2019-11 |
| Dates - (Source ID's) | source2,source1 |
| Overall project finance - Total investment commitment - Currency - (Value) | USD |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 1800000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 1800000 |
| Purpose and classifications - Social challenge - (Value) | Youth unemployment in Palestine |
| Purpose and classifications - Intervention - (Value) | The main purpose of the First Palestinian Employment DIB is to match employment opportunities with suitable employees by purposefully training job seekers in employer-demanded skills. The DIB will target an estimated cohort of 1,500 Palestinian job seekers aged 18–29 years (of which at least 30 percent will be women). The DIB will match skills to specific jobs, and create meaningful partnerships with the private sector to ensure sustainability. Private sector organisations will provide training, starting in 2020. They will focus initially on employment opportunities in the healthcare sector, as well as in the industrial and construction sector. Additional training will be rolled out according to market needs, with the goal of delivering sustainable employment outcomes by late 2021. It hopes to bridge the gap between academic outputs and the job-specific skills required in the Palestinian labour market, and to create new jobs for Palestinian youth by mobilising investments that deliver economic and social returns. |
| Purpose and classifications - Policy sector - (Value) | Employment and training |
| Purpose and classifications - (Source ID's) | source6,source1 |
| Service and beneficiaries - Target population - (Value) | 1,500 Palestinian job seekers aged 18–29 years (of which at least 30 percent will be women). |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 1500 |
| Service and beneficiaries - Unit type of targeted service users or beneficiaries - (Value) | Individual |
| Service and beneficiaries - (Source ID's) | source1 |
| Delivery Locations 1: Location - Name - (Value) | Ramallah, Palestine |
| Delivery Locations 1: Location - Country - (Value) | PS |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 31.848581 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 35.257021 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | (Wafa, 2019) Finance for Jobs (F4J) Project launches 1st Palestinian Employment Development Impact Bond http://english.wafa.ps/page.aspx?id=UE182ka113987649798aUE182k |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | (Social Finance, 2020) Email correspondence with Cooper Renfro on 13 January 2020 |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | (FMO, 2019) FMO supports the First Palestinian Employment Development Impact Bond (DIB) https://www.fmo.nl/news-detail/4f39ef8e-d43f-44c6-9d8f-47c0a8fb4ca4/fmo-supports-the-first-palestinian-employment-development-impact-bond-(dib) |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | (Social Finance, 2019) Email correspondence with Cooper Renfro on 12 December 2019 |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | World Bank, "Project Appraisal Document on a Proposed Grant" (30/06/2017), http://documents.worldbank.org/curated/en/765751501380068491/pdf/West-Bank-Gaza-PAD-PAD2120-07102017.pdf - p.15 |
| Sources 6: Id | source6 |
| Sources 6: Name - (Value) | (Wafa, 2019) Finance for Jobs (F4J) Project launches 1st Palestinian Employment Development Impact Bond http://english.wafa.ps/page.aspx?id=UE182ka113987649798aUE182k and (EBRD, 2019) EBRD addressing youth unemployment in West Bank and Gaza https://www.ebrd.com/news/2019/ebrd-addressing-youth-unemployment-in-west-bank-and-gaza.html and (FMO, 2019) FMO supports the First Palestinian Employment Development Impact Bond (DIB) https://www.fmo.nl/news-detail/4f39ef8e-d43f-44c6-9d8f-47c0a8fb4ca4/fmo-supports-the-first-palestinian-employment-development-impact-bond-(dib) |
| Sources 7: Id | sourcehackandlearn2021-08 |
| Sources 7: Name - (Value) | Hack and Learn - August 2021 |
| Sources 8: Id | source8 |
| Sources 8: Name - (Value) | Email correspondence with Bridges Fund Management on 04/02/2022. |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0391 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0394 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | 3500000 |
| Outcome Payment Commitments 2: Organisation ID - (Value) | INDIGO-ORG-0395 |
| Outcome Payment Commitments 2: Maximum potential Outcome payment - Amount - (Value) | 1500000 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0396 |
| Investments 1: Investment Type - (Value) | Equity and debt |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0397 |
| Investments 2: Investment Type - (Value) | Equity and debt |
| Investments 3: Id | investment3 |
| Investments 3: Organisation ID - (Value) | INDIGO-ORG-0398 |
| Investments 3: Investment Type - (Value) | Development contribution (convertible loan) |
| Investments 4: Id | investment4 |
| Investments 4: Organisation ID - (Value) | INDIGO-ORG-0399 |
| Investments 4: Investment Type - (Value) | Equity and debt |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0392 |
| Intermediary services 1: Organisation Role Category - (Value) | Performance management |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0063 |
| Intermediary services 3: Organisation ID - (Value) | INDIGO-ORG-0121 |
| Intermediary services 3: Organisation Role Category - (Value) | Other |
| Intermediary services 3: Notes | Representatives of EBRC |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Participant intake (output). Service provider enrols youth in DIB-funded training programme. Administrative data. |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 1500 |
| Outcome Metrics 1: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 1: Primary SDG target - (Value) | 8.5 |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Training start (output). Enrolled youth attends introductory training session. Administrative data. |
| Outcome Metrics 2: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 2: Primary SDG target - (Value) | 8.5 |
| Outcome Metrics 3: Id | outcomemetric3 |
| Outcome Metrics 3: Outcome Definition - (Value) | Training completion (output). Enrolled youth successfully completes training modules. Administrative data. |
| Outcome Metrics 3: Primary SDG goal - (Value) | 4 |
| Outcome Metrics 3: Primary SDG target - (Value) | 4.4 |
| Outcome Metrics 4: Id | outcomemetric4 |
| Outcome Metrics 4: Outcome Definition - (Value) | Employment placement. Youth begins paid employment. Employment contract, pay slips, timesheets, employer letter. |
| Outcome Metrics 4: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 4: Primary SDG target - (Value) | 8.5 |
| Outcome Metrics 5: Id | outcomemetric5 |
| Outcome Metrics 5: Outcome Definition - (Value) | Employment sustainment for 3 months. Youth maintains employment for 3 months. Employment contract, pay slips, timesheets, employer letter. |
| Outcome Metrics 5: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 5: Primary SDG target - (Value) | 8.5 |
| Outcome Metrics 6: Id | outcomemetric6 |
| Outcome Metrics 6: Outcome Definition - (Value) | Employment sustainment for 6 months. Youth maintains employment for 6 months. Employment contract, pay slips, timesheets, employer letter. |
| Outcome Metrics 6: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 6: Primary SDG target - (Value) | 8.5 |
| Documents 1: Title - (Value) | Factsheet - Finance for jobs impact bond |
| Documents 1: URL - (Value) | https://s3.eu-west-2.amazonaws.com/golab.prod/documents/west_bank_and_gaza_youth_employment_factsheet.pdf |