World Bank: Concessional Financing Facility - Syria Crisis

Nedan följer en sammanfattning på engelska: The World Bank has approched Sida regarding financing of the Global Concessional Financing Facility, specifically for financing for the Jordan and Lebanon window. The contribution aims at supporting Jordan and Lebanon with finaning for development projects that will benefit both Syrian refugees as well as host communities in these two countries which are heavily affected by the Syrian crisis. Jordan and Lebanon as middle income countries does not have access to financing on IDA terms (lower interest rates and longer maturity on loans). The World Bank serves as trustee of the Financial Intermediary Fund (FIF) that support the CFF. The Trustee administers the fund for the purpose of receiving contributions to the Fund and to keep these contributions in accordance with the agreements between the donors and the World Bank. A steering committee consisting of members with decision making powers (donor and recipient countries) and non-decision-making members are responsible for reviewing funding proposals submitted by the beneficiary countries together with an implementing organisation, a so-called called Implementing Support Agency (ISA). ISA for CFF's first and foremost four multilateral banks, the European Investment Bank (EIB), Eurpoeiska Bank for Reconstruction and Reconstruction and Development (EBRD), the World Bank and the Islamic Development Bank (Record), in exceptional cases, 11 UN agencies act as ISA but then for donations and no debt financing. Only donor countries (supporting countries) decides which projects will receive fundings.