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World Bank scales up commitment in crisis region around Syria

Germany contributes 20 million euros


Thomas Silberhorn, Parliamentary State Secretary to the Federal Minister for Economic Cooperation and Development, at the 2016 World Bank Spring Meeting

Press release of 16.04.2016 |

Washington – The World Bank is scaling up its support in the region around Syria. It has explicitly issued a new credit line at this year's Spring Meeting. Thomas Silberhorn, Parliamentary State Secretary to the Federal Minister for Economic Cooperation and Development, is representing the German government at the meeting.

"Germany has massively increased its support for the people in and around Syria," Silberhorn said. "The World Bank is now mobilising other donors to make funds available that are urgently needed to stabilise the crisis region. The World Bank, in particular, has the economic policy expertise to help give these countries an outlook for the future."

The MENA Concessional Financing Facility will offer reduced-interest loans to the countries affected by the crisis. It is to help finance, for instance, education programmes in Lebanon and jobs in Jordan. Germany is contributing 20 million euros.

Education, training and jobs are at the centre of Germany's support for the countries around Syria that are hosting refugees. Over the last two years, Germany has already tripled its support for the crisis region. The BMZ has, for instance, launched an employment drive. With the support from the cash for work programme refugees themselves are able to build accommodation, schools or health centres. Some first 50,000 refugees will be given a job this year, another 50,000 are to follow next year.

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