FINANCE FOR JOBS CONSULTANCY SERVIC
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
FMO’s client is a private limited liability company domiciled in the West Bank, a newly formed SPV set up to serve as the prime contracting entity within the Development Impact Bond and will enter into contract, among others, with the outcomes payer, the service providers, and the DIB manager team.
What is our funding objective?
The objective is to co-invest in the first World Bank sponsored Development Impact Bond (“DIB”) to support youth employment in Palestine. The DIB is seeking to work with approximately 1,500 young unemployed Palestinians aged 18-29 in the West Bank and Gaza and aims to support over 400 participants in their transition to employment. At least 203 are expected to sustain their employment for at least 6 months.
Why do we fund this investment?
We are funding the DIB, because it represents a new approach to tackling considerable social challenges such as youth unemployment in Palestine while also learning from an innovative DIB structure. The opportunity of this specific pilot will create a precedent transaction for future pipeline opportunities and inform FMO’s next steps in this area of innovative financing, both in youth employment and other potential issue areas such as refugee finance or climate-smart agriculture.
- Region
- Asia
- Country
- The Palestinian Territories
- Sector
- Financial Institutions
- Effective date
- 9/17/2019
- Total FMO financing
- EUR 0.42 MLN
- Funding
- MASSIF