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Add to Preferred SourcesThe European Bank for Reconstruction and Development (EBRD) has been helping communities in Jordan and Turkey cope with the influx of millions of people from war-torn Syria, with a refugee crisis response plan that has so far delivered investments worth €254 million.
Currently, around 6.6 million people, including one million refugees from neighbouring Syria, live and work in areas benefiting from EBRD investments and technical cooperation projects focused mainly on improving strained municipal infrastructure, which serves a population that has increased sharply. In addition, the EBRD refugee response aims to create job opportunities through boosting small businesses and increasing the economic inclusion of groups such as young people and women who are unable to participate fully in the economy.
Resilience and inclusion are at the core of the EBRD’s response to the developments in Jordan and Turkey. The Bank continues to work on a pipeline of projects potentially worth €900 million, including EBRD finance and grant blending. This is also supported by policy dialogue in areas such as public-private partnerships, skills development and employment. Donor funding contributed to date for existing and forthcoming projects, from the Bank’s own resources and from Finland, Norway, Taipei China, the United Kingdom, the United States of America, the Concessional Financing Facility and the European Union, totals approximately €180 million.
Source: EBRD. Read full article here.
19 June, 2017