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Monday, March 26, 2018 - 15:06

Global Concessional Financing Facility Trust Fund (GCFF)

Canada, Denmark, Germany, Japan, Norway, Netherlands, Sweden, United Kingdom, United States, Jordan, Lebanon
2030 Agenda migration-relevant and related target Labels: 
Targets on vulnerability and protection
GCM Thematic Cluster Areas: 
Human rights of all migrants
Discrimination, Migration Management

The World Bank developed the GCFF financing mechanism to support middle-income countries receiving refugees through beneficial loans. Currently, GCFF supports Jordan and Lebanon, which has received a large number of Syrian refugees. The facility has also been expanded to provide support for other middle-income countries receiving refugees (the global window).

So far, seven projects have been funded by GCFF, two in Lebanon and five in Jordan. Within the Project Economic Opportunities for Jordanians and Syrian Refugees Program-for-Results, the Government of Jordan has provided more than 55,000 work permits to Syrian refugees which will allow work in the formal sector and help refugees in the country become self-sufficient while contributing to Jordan's economy.