Investing for success: a new way to help refugees improve their livelihoods

September 27, 2021

We are supporting the first ever development impact bond for refugees, an innovative finance model that sets out to improve refugees’ livelihoods in Jordan and Lebanon.

Imagine trying to start again in another country after fleeing from a conflict. You’ve lost everything—your home, your job or business, your savings. Even if you’re legally allowed to work, you’re competing with local residents and other refugees for limited opportunities. If you’re a woman or a young person, perhaps this is the first time you’ve ever had to work. What do you do?

For many refugees, the only option is to rely on humanitarian aid. But this isn’t a long-term solution. Refugees need dignified work that enables them to support their families.

Lack of funding

Lebanon and Jordan host more than two million refugees between them, most of whom come from Syria. This puts huge pressure on their economies and creates social tensions. There’s also a lack of long-term funding for programmes to help refugees improve their livelihoods.

That’s whythe IKEA Foundation is supporting the scale-up of a programme by the Near East Foundation in Lebanon and Jordan. The programme will help refugees and people from host communities gain the skills they need to set up small enterprises and create safe and stable livelihoods.

Development impact bond

The programme is financed through a development impact bond. This is a financial model where social investors provide capital to roll out a development programme. Outcome funders pay back the investors if—and only if—the programme achieves measurable social outcomes. These are independently evaluated.

Per Heggenes, IKEA Foundation CEO, says: “We’re supporting the development impact bond as an outcome funder because it is an innovative way to help refugees become self-reliant in the long-term. We believe that by paying for success, we can attract more funding towards refugee livelihoods and encourage programmes that have the biggest impact.”

Learn more on the DIB website: www.refugeeimpactbond.org

Partner

Near East Foundation
https://www.neareast.org/

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  • đź“Ł CleanAirFund’s latest report shows that only 1% of international development funding and 2% of international climate funding has gone towards air pollution in the last six years. CleanAirFund’s mission is to tackle global air pollution and deliver clean air for all 🌍 However, the fight against air pollution is still underfunded. Radical collaboration is necessary to create a future where everyone can breathe clean air 🧑‍🤝‍🧑 We call upon other funders to join us now. Read the full report at the link in bio đź”—
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📣 CleanAirFund’s latest report shows that only 1% of international development funding and 2% of international climate funding has gone towards air pollution in the last six years. CleanAirFund’s mission is to tackle global air pollution and deliver clean air for all 🌍 However, the fight against air pollution is still underfunded. Radical collaboration is necessary to create a future where everyone can breathe clean air 🧑‍🤝‍🧑 We call upon other funders to join us now. Read the full report at the link in bio 🔗
📣 CleanAirFund’s latest report shows that only 1% of international development funding and 2% of international climate funding has gone towards air pollution in the last six years. CleanAirFund’s mission is to tackle global air pollution and deliver clean air for all 🌍 However, the fight against air pollution is still underfunded. Radical collaboration is necessary to create a future where everyone can breathe clean air 🧑‍🤝‍🧑 We call upon other funders to join us now. Read the full report at the link in bio 🔗
📣 CleanAirFund’s latest report shows that only 1% of international development funding and 2% of international climate funding has gone towards air pollution in the last six years. CleanAirFund’s mission is to tackle global air pollution and deliver clean air for all 🌍 However, the fight against air pollution is still underfunded. Radical collaboration is necessary to create a future where everyone can breathe clean air 🧑‍🤝‍🧑 We call upon other funders to join us now. Read the full report at the link in bio 🔗
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📣 CleanAirFund’s latest report shows that only 1% of international development funding and 2% of international climate funding has gone towards air pollution in the last six years. CleanAirFund’s mission is to tackle global air pollution and deliver clean air for all 🌍 However, the fight against air pollution is still underfunded. Radical collaboration is necessary to create a future where everyone can breathe clean air 🧑‍🤝‍🧑 We call upon other funders to join us now. Read the full report at the link in bio 🔗
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New York Climate Week brought together climate leaders from around the world to drive climate action 🌍 The task at hand may, at times, seem unsurmountable. And we’re falling behind in our targets to achieve the Paris agreement. Yet, at IKEA Foundation, we’re optimistic as we see many of the solutions to the climate crisis around us 🙌 During New York Climate Week, we collaborated with our partners to announce new initiatives for #PeopleAndPlanet 💚 We believe we can and we will achieve the climate action that is desperately needed. Do you? 📣 We call on other funders to join us now. #NewYorkClimateWeek #WeCanWeWill
New York Climate Week brought together climate leaders from around the world to drive climate action 🌍 The task at hand may, at times, seem unsurmountable. And we’re falling behind in our targets to achieve the Paris agreement. Yet, at IKEA Foundation, we’re optimistic as we see many of the solutions to the climate crisis around us 🙌 During New York Climate Week, we collaborated with our partners to announce new initiatives for #PeopleAndPlanet 💚 We believe we can and we will achieve the climate action that is desperately needed. Do you? 📣 We call on other funders to join us now. #NewYorkClimateWeek #WeCanWeWill
New York Climate Week brought together climate leaders from around the world to drive climate action 🌍 The task at hand may, at times, seem unsurmountable. And we’re falling behind in our targets to achieve the Paris agreement. Yet, at IKEA Foundation, we’re optimistic as we see many of the solutions to the climate crisis around us 🙌 During New York Climate Week, we collaborated with our partners to announce new initiatives for #PeopleAndPlanet 💚 We believe we can and we will achieve the climate action that is desperately needed. Do you? 📣 We call on other funders to join us now. #NewYorkClimateWeek #WeCanWeWill
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New York Climate Week brought together climate leaders from around the world to drive climate action 🌍 The task at hand may, at times, seem unsurmountable. And we’re falling behind in our targets to achieve the Paris agreement. Yet, at IKEA Foundation, we’re optimistic as we see many of the solutions to the climate crisis around us 🙌 During New York Climate Week, we collaborated with our partners to announce new initiatives for #PeopleAndPlanet 💚 We believe we can and we will achieve the climate action that is desperately needed. Do you? 📣 We call on other funders to join us now. #NewYorkClimateWeek #WeCanWeWill
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New York Climate Week brought together climate leaders from around the world to drive climate action 🌍 The task at hand may, at times, seem unsurmountable. And we’re falling behind in our targets to achieve the Paris agreement. Yet, at IKEA Foundation, we’re optimistic as we see many of the solutions to the climate crisis around us 🙌 During New York Climate Week, we collaborated with our partners to announce new initiatives for #PeopleAndPlanet 💚 We believe we can and we will achieve the climate action that is desperately needed. Do you? 📣 We call on other funders to join us now. #NewYorkClimateWeek #WeCanWeWill
5 days ago
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It was great to see leaders gather at We Mean Business Coalition at #ClimateWeekNYC 🌍 Our CEO Per Heggenes joined the We Mean Business Coalition CEO María Mendiluce and other leaders from business and philanthropy.
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It was great to see leaders gather at We Mean Business Coalition at #ClimateWeekNYC 🌍 Our CEO Per Heggenes joined the We Mean Business Coalition CEO María Mendiluce and other leaders from business and philanthropy.
1 week ago
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At a crucial time for the global economy and the planet, IKEA Foundation is proud to support the @worldeconomicforum’s Humanitarian and Resilience Investing (HRI) Initiative in its Call to Action. This is focused on establishing New Partnerships to Mobilize $10 Billion to Support Most Vulnerable Communities 🙌 Follow the link in our bio to learn more 🔗 #SDIM23 #HRI
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At a crucial time for the global economy and the planet, IKEA Foundation is proud to support the @worldeconomicforum’s Humanitarian and Resilience Investing (HRI) Initiative in its Call to Action. This is focused on establishing New Partnerships to Mobilize $10 Billion to Support Most Vulnerable Communities 🙌 Follow the link in our bio to learn more 🔗 #SDIM23 #HRI
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