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Financial Intermediary Funds (FIFs)

Global Concessional Financing Facility (GCFF)

There are currently about 20 million refugees across the globe, representing the most significant refugee crisis since World War II, with about 6 million in middle-income countries. Refugee crises represent major economic and social shocks and incur significant costs to host countries who are providing a global public good. Middle-income countries do not have access to multilateral development financing at the same levels of concessionality as lower-income countries, and most host countries do not deem it feasible to take on additional debt or use scarce development resources for non-nationals. The GCFF provides development support on concessional terms to middle income countries impacted by refugee crises. The World Bank has established a FIF to support the GCFF, and provides both Trustee and Secretariat services, in addition to serving as one of the Implementation Support Agencies. Fund Website »