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Middle income countries currently host roughly six million refugees, yet they struggle to access finance at concessional interest rates, making it difficult to afford the costs associated with an influx of refugees. Many middle income countries receive humanitarian assistance to help absorb the immediate impact of refugee shocks. However, half of refugee situations today are protracted affairs that last more than four years. The impact of the Syrian crisis on Jordan and Lebanon – both middle-income countries – exposed this important gap in the existing architecture of development assistance. Read more