Grants and Contributions:
Title:
Global Concessional Financing Facility - Jordan - 3
Agreement Number:
7438578 P010778001
Agreement Value:
$10,000,000.00
Agreement Date:
Mar 8, 2022 - Mar 31, 2023
Description:
The Global Concessional Financing Facility (GCFF), established in July 2016, is an innovative financing mechanism designed to mobilize financial resources to support middle-income countries affected by refugee crises. In recognition of the global public good being provided by these countries in hosting significant populations of refugees, donor contributions are used to significantly reduce the 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 to create sustainable development outcomes. As one of ten supporting donors, Canada is a member of the Steering Committee for this financing mechanism.
Organization:
Global Affairs Canada
Expected Results:
The expected outcomes for this project include: (1) enhanced economic opportunities for refugee and host community women and men; (2) improved, more equitable access to and quality of essential services and infrastructure for refugee and host community women, men, girls and boys; and (3) enhanced international burden sharing, partnerships and coordination of the international response to the Syria crisis in Jordan.
Location:
Washington, US
Reference Number:
064-2021-2022-Q4-00096
Agreement Type:
Grant
Report Type:
Grants and Contributions
Recipient Type:
Not-for-profit organization or charity
Recipient's Legal Name:
IBRD Trust Funds - World Bank
Program:
International Development Assistance Program
Program Purpose:
The main purpose on the International Development Assistance Program is to reduce poverty for those living in countries where Global Affairs Canada engages in international development.