Eight nations and the European Commission today pledged a package of more than US$1 billion — US$141 million in grants, US$1 billion in soft loans, US$500 million in guarantees – to a World Bank-led financing initiative in support of Syrian refugees and host communities in Jordan and Lebanon, as well as recovery and reconstruction across the region. The package means that the new facility will be able to generate up to US$800 million in concessional loans in the next year. Read More