A refugee fund set up by the World Bank, the United Nations and the Islamic Deve...
FILE PHOTO: Police guard the tents of a temporary camp for Venezuelan refugees in Bogota, Colombia November 19, 2018. REUTERS/Luisa Gonzalez/File Photo
The Global Concessional Financing Facility grant provides budget support to Colombia as it works to facilitate access to jobs and basic social services to improve the migrants’ lives, the World Bank said. The grant will aid the communities hosting the migrants. The concessional funding is part of a $750 million development policy financing package being prepared by the World Bank to support Colombia’s fiscal sustainability, economic competitiveness and migration challenges.The World Bank estimates that about 3.7 million people have left Venezuela in recent years, and more than 1.2 million migrants and refugees from Venezuela are now living in Colombia.
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