Development of Youth Employment Bond

About the Project

UNDP_SRB_SIBMika Pyykkö, Head of Focus Area at Finnish Innovation Fund SITRA explained how Social Impact Bonds may be a win-win solution for different stakeholders

Social Impact Bond (SIB) is a financial impact investment instrument where private investments are aimed to create a positive social impact with financial return. Based on the successful employment SIBs established in Europe, UNDP is creating Serbia’s first SIB and experimenting its feasibility to tackle the high youth unemployment rate in Serbia. The initiation phase will focus on the development of the Youth Employment Bond together with local partners and Finnish Innovation Fund Sitra.

Expected Oucome

By 2020, there is an effective enabling environment that promotes sustainable economic development, focused on an inclusive labour market and decent job creation

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