Grants and Contributions:
Title:
Support to Global Concessional Fund Facility
Agreement Number:
7466307 P014296001
Agreement Value:
$15,000,000.00
Agreement Date:
Mar 5, 2025 - Mar 31, 2026
Description:
The Global Concessional Financing Facility (GCFF) mobilizes financial resources to support middle-income countries affected by refugee crises. Canada is 1 of the 10 members of the Steering Committee for this financing mechanism. Recognizing the global public good provided by these countries in hosting significant populations of refugees, GCFF uses donor contributions to significantly reduce interest rates on loans provided to host countries by partner multilateral development banks. This lower-cost financing targets projects that improve the well-being of refugees and local host communities in areas such as education, health, and job creation, aiming for sustainable development outcomes.
Organization:
Global Affairs Canada
Expected Results:
The expected outcomes of this project include: (1) improved socio-economic conditions and inclusion for refugees and host communities; (2) increased capacity of benefitting countries to better manage and mitigate shocks caused by refugee crises; and (3) strengthened development responses within the broader humanitarian-to-development spectrum.
Location:
WASHINGTON, US 20433
Reference Number:
064-2024-2025-Q4-A0042
Agreement Type:
Grant
Report Type:
Grants and Contributions
Recipient Business Number:
3200000000000
Recipient Type:
Not-for-profit organization or charity
Additional Information:
Belated reporting.
Recipient's Legal Name:
IBRD Trust Funds - World Bank
Federal Riding Name:
Not Coded
Federal Riding Number:
NA
Program:
Grants - Multilateral Programming
Program Purpose:
Subvention Programmation multilatérale