Impact Bond: The Refugee Impact Bond
Stage of development: Implementation
Policy sector: Employment and training
Social challenge: The Syrian conflict has displaced more than 11 million people. 6 million refugees have settled in five neighbouring countries, including Lebanon and Jordan. 85% of Syrian refugees across the region live in urban areas and 6 in 10 refugees live in extreme poverty. Women and young people are the most vulnerable. This first-of-its-kind "Refugee Impact Bond" aims to significantly contribute to closing the funding gap and addressing the need for more inclusive and sustainable approaches to the economic empowerment of refugees through (i) the funding of a programme that focuses on durable results ; addresses the specific needs of vulnerable women and youth ; Includes host communities; (ii) A financing mechanism – the DIB – that empowers the delivery partner with multi-year funding and the flexibility to adapt programming with a sole focus on outcomes (rather than activities); (iii)The generation of independently verified and robust evidence and the sharing of the learnings. 
Intervention: The Refugee Impact Bond funds the Near East Foundation UK to deliver a vocational, entrepreneurship, and resilience-building programme for refugees and vulnerable members of their host communities in Jordan.
Primary SDG goal: 1,5,8,10
Date outcomes contract signed: 2021-09
Date contracts between all parties signed: 2021-10
Start of service provision: 2022-01
Anticipated end of service provision: 2025-03
Anticipated completion date: 2025-10
Total investment commitment currency: USD
Total investment commitment: 9825000
Total investment commitment (USD): 9825000
Maximum potential outcome payment: 12000000 USD
Maximum potential outcome payment (USD): 12000000
Maximum potential loss: 0.2
Maximum potential return type: ARR
Maximum potential return: 0.051
Target population: Jordanians and refugees
Targeted number of service users or beneficiaries: 4380
Targeted unit type: Individual