U.N., World Bank to launch refugee and reconstruction bonds


  • World
  • Sunday, 11 Oct 2015

Syrian refugee children pose as they are pictured in their classroom at Fatih Sultan Mehmet School in Karapurcek district of Ankara, Turkey, September 28, 2015. REUTERS/Umit Bektas

LIMA (Reuters) - International agencies plan to raise billions of dollars to tackle the worsening refugee crisis in the Middle East and North Africa by issuing new bonds to help displaced people and support reconstruction in the war-torn region.

The United Nations, World Bank and Islamic Development Bank announced the proposal on Saturday after global policymakers met to discuss ways to ease the growing humanitarian and economic crisis stemming from conflicts in countries including Syria, Iraq, Yemen and Libya.

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