Arab Today, arab today world bank united nations and islamic development bank pledge support for stability in middle east and north africa
Last Updated : GMT 16:01:31
Arab Today, arab today
Arab Today, arab today

World Bank, United Nations and Islamic Development Bank Pledge Support for Stability in Middle East and North Africa

Arab Today, arab today

Arab Today, arab today World Bank, United Nations and Islamic Development Bank Pledge Support for Stability in Middle East and North Africa

World Bank
Beirut - QNA

World Bank, United Nations and the Islamic Development Bank Group are jointly supporting an initiative to raise additional financing for promoting peace and development in the Middle East and North Africa (MENA) region.

    With the Syrian conflict entering its sixth year, and the region coping with one of the largest refugee crises since World War II, all three leaders pledged to work closely together in the region.

    The three organizations recently launched the New Financing Initiative to Support the MENA Region aimed at uniting the international community for the level of support required to meet the region’s immense challenges.

    Through innovative financing, the initiative plans to provide concessional financing to Lebanon and Jordan both middle-income countries hosting large numbers of refugees - and to expand the funding available to countries struggling with slow growth and high youth unemployment because of instability.

    At the Supporting Syria and the Region conference that took place in February in London, the World Bank Group announced that it will triple its investment in the region as compared to the previous five years. Funding from the New Financing Initiative to Support the MENA Region combined with current programs is expected to total about US$20 billion over the coming five years.

    In addition, in response to the current crisis, the Bank will announce $200 million in new financing during the trip to support education and create jobs. This will come in addition to the current more than $1.5 billion of Bank commitments in the two countries, as well as the scaling up of financial support to Iraq, which has now reached $2 billion and which is projected to equal $5 billion in the coming few years.

Source : QNA

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world bank united nations and islamic development bank pledge support for stability in middle east and north africa Arab Today, arab today world bank united nations and islamic development bank pledge support for stability in middle east and north africa

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world bank united nations and islamic development bank pledge support for stability in middle east and north africa Arab Today, arab today world bank united nations and islamic development bank pledge support for stability in middle east and north africa

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday