Support to the Global Concessional Finance Facility (GCFF)

The United States intends to provide $25 million to the Global Concessional Financing Facility (GCFF) to prioritize support for Latin American countries, such as Ecuador and Costa Rica, if they become eligible. The funding would support programs benefiting refugees and asylum seekers, such as registration processes, the extension of social services and integration programs, and would benefit host communities who have generously opened their doors to more vulnerable. Expanding support to middle-income countries hosting large numbers of refugees and asylum-seekers is essential to integrating these refugees and giving them access to vital social services.

Global Concessional Finance Facility (GCFF)

  • Established in 2016 with strong support from the United States, the GCFF provides longer-term development support on a concessional basis to middle-income countries around the world affected by refugee crises. The GCFF is a financial intermediary fund hosted by the World Bank that supports national programs targeting refugees and asylum seekers and the host communities where they find themselves.
  • The GCFF works in partnership with the World Bank Group, Inter-American Development Bank, United Nations, European Bank for Reconstruction and Development, European Investment Bank and Islamic Development Bank to help countries bridging the development-humanitarian gap. as they manage the long-term needs of refugees and host communities.
  • GCFF currently supports programs in Colombia, Ecuador, Jordan, Lebanon and Moldova. More than $760 million in GCFF-approved grants have supported funding of more than $3.5 billion for projects in these countries. To be eligible for GCFF grants, countries must put in place and maintain strong refugee protection policy frameworks.
  • In addition to the United States, the GCFF has received financial support from Canada, Denmark, the European Commission, Germany, Japan, Norway, the Netherlands, Sweden, and the United Kingdom. To date, the United States has contributed nearly $100 million to the GCFF. This additional $25 million in support will leverage loans from the World Bank and the Inter-American Development Bank to help refugees and asylum seekers access housing, social services and employment opportunities while supporting the development of host communities that facilitates integration.

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