EBRD Syrian Refugee Response Programme
Development cooperation , 08.12.2016

EBRD Syrian Refugee Response Programme

Description

EBRD (European Bank for Reconstruction and Development) aims at establishing democratic and free market economies in transit countries. At the London Syria conference in 2016 EBRD pledged 900 MEUR financing package to support Syria's neighboring countries' resilience. This refugee response consists of 3 pillars: 1) Infrastructure development for host communities; 2) SME growth and small business support; 3) Economic inclusion and gender programme. Finland has contributed to EBRD's SEMED MDA (South-Eastern Mediterranean Multi Donor Account) since 2011. The MDA implements technical assistance projects that support the bank's wider development investments in the region. EBRD has now made it possible to contribute to the refugee response through the existing SEMED-MDA. According to EBRD's result matrix the MDA has proved strongly catalytic: against every grant Euro the bank has mobilized 50 Euros in loans. Other key results from 2015 include supporting 252 SMEs graduate from grey markets (out of which 40 % led by women). 79 % of those have increased their turnover and 59 % increased their number of employees. Additional contribution to the SEMED-MDA thus makes an efficient way for Finland to contribute more resources to support the Jordanian (and in future to Lebanon as well) private sector in order to create more jobs and livelihoods to the refugees and host-community vulnerable alike. The Finnish support currently is allocated to Jordan, under pillars 1 and 2. The project is an important part of the Finnish Syria assistance efforts. At the London Syria conference Finland pledged more support to education (5 MEUR UNICEF, No Lost Generation), women's rights and economic empowerment (1,5 MEUR UN-Women) and to job creation. Thus, EBRD SEMED-MDA contribution makes the London package fulfilled.

Funding decision  08.12.2016

1 000 000 €

Target region

Africa, North of Sahara

Objectives monitored by OECD's Development Assistance Committee

  • Participatory development/Good governance
  • Gender equality

Field of activity

  • Business support services and institutions 40%
  • Urban development and management 50%
  • Formal sector financial intermediaries 10%

Type of aid

Contributions to specific-purpose programmes and funds managed by international organisations (multilateral, INGO)

Funding channel

Euroopan jälleenrakennus- ja kehityspankki

Contact

ali-10

Code for the object of funding

18900401

ID

UHA2016-005976

Modified

01.06.2017