Piloting the Pay-for-Results Mechanism in Uruguay to Increase Employment and Educational Continuity among Vulnerable Young People through Dual Education

The objective of this project is to test in Uruguay the mechanism of Payment by Results (PxR) in Uruguy, by piloting the first Social Impact Bond, o increase completion rates of upper secondary education, employment and educational continuity among vulnerable youth in Montevideo and the metropolitan area, through dual education.

Project Detail

Country

Uruguay

Project Number

UR-T1321

Approval Date

April 25, 2024

Project Status

Implementation

Project Type

Technical Cooperation

Sector

EDUCATION

Subsector

SCHOOL-TO-WORK TRANSITION

Lending Instrument

Multilateral Investment Fund Instrument

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 904,000.00

Country Counterpart Financing

USD 484,000.00

Original Amount Approved

USD 420,000.00