IBRD Trust Funds - World Bank
$14,998,926.00 CAD
- Department
- Global Affairs Canada
- Program
- —
- Recipient country
- Jordan
- Fiscal year
- 2024-2025
- Agreement period
- March 5, 2025 – March 31, 2027
- Project status
- Implementation
- Reference
- CA-3-P014296001
Published purpose
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.
In plain English AI-generated
Canada contributes to the Global Concessional Financing Facility, which lowers interest rates on loans to middle-income countries hosting refugees, funding projects in education, health, and job creation for refugees and host communities.
Category: Foreign Aid Development Primarily funds activity outside Canada
Based on the published description. See how AI categorization works — the linked official record is authoritative.
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