The signing formalised their relationship to construct Pakistan’s first Employment Impact Bond and was hosted by Mr. Martin Dawson, Deputy Head of Mission.
Pakistan’s low level of global competitiveness and poor economic growth can be attributed in large part to a shortage of human capital. Giving Pakistan’s four million or more young people who will soon reach working age the skills they need for the future can be a major catalyst for the nation’s economic growth.
The purpose of the Employment Impact Bond is to provide 40,000 jobs for youth in important.
Impact bonds are cutting-edge financial tools that use the resources and know-how of the private sector to support development while putting an emphasis on results. Through financial incentives, they move the emphasis from inputs to outcomes, performance, and results.
