Eight countries and the European Commission have pledged a package of more than $1 billion to a World Bank-led financing initiative in support of Syrian refugees and host communities in Jordan and Lebanon, as well as recovery and reconstruction across the region.
The package is composed of $141 million in grants, $1 billion in soft loans, and $500 million in guarantees. "The new facility will be able to generate up to $800 million in concessional loans in the next year," according to a s...
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