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.