Impact Bond: Education Improvement Project in the Republic of Sakha (Yakutia)
Stage of development: Implementation
Policy sector: Education
Intervention: The project’s aim is to improve the quality of general education, to make human resources more competitive, and to transform the management mechanism of general education, which will ensure sustained improvement in local education. The project’s social outcomes are measured using an educational performance index calculated as a weighted total of grades in the State Final Examinations (Basic State Examination and Unified State Examination) and academic competitions.
Date outcomes contract signed: 2019-06
Start of service provision: 2019-06
Total investment commitment currency: Russian rubles
Total investment commitment: 60000000
Total investment commitment (USD): 926653.4693
Target population: 27 schools, including approximately 5000 schoolchildren and 780 school teachers 
Targeted number of service users or beneficiaries: 5000