was launched in 2016 by the World Bank, the United Nations and the Islamic Development Bank as a global platform to provide concessional funding to middle-income countries delivering a global public good by hosting large numbers of refugees.
To be sure, while MFIs would be minority investors in the proposed GCFF
, they would still play a key role in helping private investors assess risks in new contexts.
is also pleased to announce its cooperation with KPMG LLP in hosting a Resource Seminar as part of the China Partnering Forum, which will be inviting top notch speakers to present about recent activities and trends in the resources market and promising investment opportunities.
In its first year of operations, GCFF
's La Habra store entertained more guests in its 3,450 square feet than the California Angels did at Edison Field.
It said that since the launching of the GCFF
a year ago, the group has approved close to $200 million in grants for seven projects in Lebanon and Syria.
As the GCFF
is responsive to the needs of attendees, this year's conference will also feature new, special corners for the following growing sectors:
"In particular, flexible and part-time work opportunities are expected to promote a higher labor participation rate among women and youth, thus increasing their economic empowerment." Launched in 2016, GCFF
provides concessional financing to middle income countries hosting large numbers of refugees at rates usually reserved for the poorest countries.
Under the agreement, the WB will extend a $147.7-million concessional loan, in addition to a $52.3-million grant provided through the Global Concessional Financing Facility (GCFF
), Fakhoury said following the signing ceremony.