Near East Foundation
Description: In 2021, the eleventh year of the Syrian Crisis, a series of international actors joined forces to launch a Development Impact Bond in support of refugee and host community livelihoods.
sib (35) dib (20) rbf (15) social impact bond (4) blended finance (2) development impact bond (2) innovative finance (1) results based finance (1) outcomes based (1) contrat à impact de développement (1)
The first ever Development Impact Bond (DIB) for refugees launched in 2021, 11 years after the start of the Syrian crisis. The Refugee Impact Bond funds the Near East Foundation UK to deliver a vocational, entrepreneurship, and resilience-building programme for refugees and members of their host communities in Jordan and Lebanon. The first tranche, in Jordan, is supported by two European private foundations, the Norwegian Agency for Development Cooperation, the U.S. International Development Finance Corpora
Being able to earn a safe, dignified, and stable income is vital for displaced people and their host communities to improve their wellbeing. Despite the formidable efforts of host countries and foreign donors, 7 out of 10 Syrian refugees in Jordan and 9 out of 10 in Lebanon live below the poverty line.
Economic resilience and inclusion have the potential to transform a host country’s demographic boost into an economic opportunity. They can also support the economic reconstruction of the home country, if and when refugees are able to return.
Near East Foundation