Business

The principal objective of the project is to establish an Equity based CrowdFunding Platform overseen by AICA, used as a financing source for Armenian start-ups and acting as a bridge to the Armenian Diaspora. The equity finance feature is of especial importance given its originality for the Armenian market and its successful and impactful presence in several other leading entrepreneurship ecosystems.

By the end of the project the following more detailed goals will have been met:

Through its Financing Facility for Remittances (FFR), IFAD is working to mobilize Malian migrant investment to encourage economic development entrepreneurism and employment in Mali, and to stimulate the economic inclusion of young Malians and offer them an alternative to migration, particularly in rural areas.

The UK Safety, Support and Solutions programme aims to protect migrants from harm. Migrant journeys, particularly via the Central Mediterranean Route, are extremely perilous, with migrants facing risks of violence, exploitation and abuse. This programme provides critical humanitarian and protection support to migrants at key junctures along the route. Assistance is offered to migrants in transit and upon return, with a particular focus on victims of trafficking, unaccompanied children, and migrants in very vulnerable situations.

One of the largest long-term care facilities in Nova Scotia, Glen Haven Manor, was the first to be a part of the Economic Mobility Pathways Project (EMPP), which was designed to help refugees find employment in Canada.

Recently, Glen Haven recruited 15 continuing care assistants from Kenya and Jordan through EMPP. The facility is also working with community partners to formalize a recruitment, training and retention program for newcomer continuing care assistants that can be used by other care organizations

At the beginning of 2020, at the proposal of Canada, the GFMD Steering Group endorsed the creation of a Hoc working Group on Public Narratives on Migration.

Across Latin America and the Caribbean, Banking on Women helps financial institutions offer women entrepreneurs financial and non-financial services such as advisory support. Through Banking on Women, IFC has supported female entrepreneurs with direct investments, mobilized investments, and advice through banks in Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, and Mexico.

 Professor Muhammad Yunus, the founder of “Grameen Bank” decided to reverse conventional banking practice by removing the need for collateral and creating a banking system based on mutual trust, accountability, participation, and creativity. The “Grameen Bank” provides credit to the poorest of the poor in rural Bangladesh, without any collateral as a cost-effective weapon to fight poverty.

The Government of Uruguay has set up a multi-stakeholder and consultative approach to State migration policy, institutional responses and coordination in the care and protection of the rights of migrants arriving in cities. 

The City of Chicago (USA) has developed public-private partnerships to create a local protection fund whereby civil society organisations can work with immigration lawyers so that all migrants know exactly which services they can and cannot access depending on their status.

The Recycle Beirut initiative aims at “merging two problems into a solution”: the project contributes to solving the country’s waste crisis while offering work opportunities for vulnerable Syrian refugees in the country.