Reducing Youth Justice Social Impact Bond – Zaagiwe Oshinawe Inaakonigewin
Time Period: 2018-2021
Sector: Indigenous Reconciliation
Impact: $2 million in capital mobilized in pursuit of reducing the return to the justice system of Indigenous youth
Client and/or Partners: Investor Syndicate
Reducing the number of youth involved with the justice system, the Youth Justice Social Impact Bond, supports youth aged 12 to 18 years of age currently under restorative justice, community service orders and/or custody in order to reduce the number of days that Indigenous youth spend in custody in the justice system. The Zaagiwe Oshinawe Inaakonigewin program will target a minimum of 45 youth, 30 in Winnipeg and 15 in Thompson, throughout the program’s three-year term.
SVX advised the Government of Manitoba on the bond, and helped broker complex conversations amongst government, impact investors, and community stakeholders when concerns were raised by the Winnipeg Indigenous Executive Circle. After significant engagement and community building, the project has been transferred to be led and operated by a collective Indigenous government: Manitoba Keewatinowi Okimakanak (MKO) assumed operational leadership for the program.