Inter-American Development Bank 'EYE' (Education, Youth & Employment) Bond
|Primary impact area||Impact area||Geographic location of impact||Investment commencement||SDG alignment|
|Social||Education & Employment||Latin America and the Caribbean||2016,2019||
Poverty and inequality are major challenges in many countries in Latin America and the Caribbean. Changing the lifetime outcomes for children and young people in the region requires a focus on the long-term accumulation of human capital and life skills to improve education and employment outcomes.
The Fund invests aims to address pressing social and humanitarian issues for children.
Established in 1959, the Inter-American Development Bank (IDB) works to improve lives in Latin America and the Caribbean by providing financial and technical support for countries to promote sustainable growth, poverty reduction and social equity in Latin America and the Caribbean.
IDB is the largest government-owned regional source of development finance for Latin America and the Caribbean and is the main source of multilateral financing in the region.
The IDB Bond ‘EYE’ (Education, Youth, Employment) proceeds are used to finance eligible projects in Latin America and the Caribbean.
To improve long-term education and employment outcomes for young people, IDB focus on a ‘life cycle’ approach which coordinates investments in human capital over the course of a lifetime.
Projects financed through the bond promote the accumulation of human capital and life skills, from early childhood care and education, through formal primary and secondary education, as well as programs that facilitate labour market placement by improving the transition from school to work through vocational training. The result is to increase productivity and improve social inclusion for young people in the region, and positive economic growth for the region.