On the eve of the Syria donors conference in London, the European Bank for Reconstruction and Development unveiled its ambitious plan to support refugee-hosting communities and strengthening local economies.
The bank is aiming for a 900 million euros ($1 million) financing package for Turkey and Jordan, and it hopes to finance up to 500 million euros in new transactions subject to mobilizing an additional 400 million euros in grants.
The package will support a key role for the private sector to help the two neighboring countries with infrastructure projects, small business initiatives and the provision of employment opportunities.
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About the author
Zoe Smith
Zoe Smith is a Devex correspondent based in London, where she works as a journalist and communications consultant. Over more than 15 years, Zoe has written for publications including New Internationalist, The Guardian and Rolling Stone. She established Full Fact, a U.K. nonprofit, in 2010 and continues to provide strategic digital communications advice to the nonprofit sector. Zoe holds a master’s of science in violence, conflict and development from the School of Oriental and African Studies.
