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11.10.201521:50:19UTC+00UN, World Bank to fund refugee hosts via bond market

The United Nations and the World Bank launched a push to generate billions of dollars in the bond markets and dramatically raise economic assistance to Middle East countries affected by a wave of people leaving Iraq and Syria.

The endeavor was unveiled at a special meeting convened on the sidelines of Saturday's Lima meeting, which aims to resolve the refugee problem to its roots.

It would see the World Bank issue special bonds backed by donor nations, as well as grants reducing the cost of loans for nations including Jordan which are not eligible for concessional lending from the institution due to their middle-income status.



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