Impact Bond: Youth Social Mobility SIB in Nuevo Leon
Stage of development: Implementation
Policy sector: Employment and training
Intervention: The SIB operates on a pay-for-results model, fostering collaboration between the public, private, and social sectors to address social issues with maximum efficiency and transparency.
CRS and YouthBuild Mexico will implement a comprehensive program over 28 months, focusing on training, labor inclusion, and support for youth. When achieving the agreed-upon results, the State Government will repay CRS. 
The program provides intensive training to 500 youth, with the goal to ensure that at least 60% of participants secure formal employment. Each milestone will have clearly defined objectives and verification methods, validated by an independent agency and aiming for job retention for nine months.
Date outcomes contract signed: 2024-07
Start of service provision: 2024-09
Anticipated end of service provision: 2026-11
Total investment commitment currency: USD
Total investment commitment: 937640
Total investment commitment (USD): 937640
Maximum potential outcome payment: 1068268 USD
Maximum potential outcome payment (USD): 1068268
Target population: Individuals between 18 and 24 years old
Targeted number of service users or beneficiaries: 500
Targeted unit type: Individual