Concessional Financing Facility Funds Projects to Support Refugees and Host Communities Impacted by the Syrian Crisis
BEIRUT The Concessional Financing Facility (CFF), an international initiative to address the impacts of the Syrian refugee crisis, announced the first financing today to support refugees and host communities in Jordan and Lebanon. Only three months after a pledging session in Washington, DC that raised over US$140 million in initial grant contributions, and US$1 billion pledged in loans that…
DetailsInternational Community Endorses New Initiative to Support Refugees, Host Communities, Recovery and Reconstruction in the Middle East and North Africa
Eight nations and the European Commission today pledged a package of more than US$1 billion — US$141 million in grants, US$1 billion in soft loans, US$500 million in guarantees – to a World Bank-led financing initiative in support of Syrian refugees and host communities in Jordan and Lebanon, as well as recovery and reconstruction across…
DetailsInvesting in a more stable and prosperous Middle East
Conflict has created a regional crisis so severe in the Middle East and North Africa (MENA) that it now has global implications. The more than 15 million people displaced, as refugees and internally-displaced persons, by conflicts such as Syria’s have come to represent the highest figure for forced displacement since World War II in the…
DetailsMobilizing Resources to Restore Hope in the Middle East and North Africa Region
The World Bank Group is partnering with the United Nations and the Islamic Development Bank Group to develop the New Financing Initiative to Support the Middle East and North Africa (MENA) Region, which aims to provide urgent development support to MENA countries impacted by the Syrian refugee crisis, conflict, and economic instability. The heads of…
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