Stage of development: Implementation
Policy sector: Employment and training
Date outcomes contract signed: Jul 2024
Start date of service provision: Sep 2024
Capital raised (minimum): USD 937.64k
Max potential outcome payment: USD 1.07m
Service users: 500 individuals
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.
Individuals between 18 and 24 years old
Commissioners/outcome payers
Service Providers
Investors
Intermediary organisations
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