As conflicts across the globe continue, the number of people displaced by conflict has reached record levels. Of the more than 70.8 million forcibly displaced persons worldwide, around 41 million are people who have been displaced from their homes but remain in their home country and nearly 25.9 million are refugees who have fled their countries. Some of these displaced people face the very real prospect of never being able to return home.
Some 85 percent of those who have fled their homes are hosted in developing countries with limited resources. That is why the global community is combining humanitarian assistance with longer-term development support to help refugees become more self-reliant so that they can contribute more to their own futures and to their host communities.
IFC works with the World Bank, the United Nations High Commissioner for Refugees (UNHCR), and other partners to identify private sector solutions and opportunities for refugees and their host communities. We have four aims: creating jobs by boosting access to finance and entrepreneurship, improving the delivery of basic services like education and energy, encouraging business-friendly policies in refugee-hosting areas, and sharing lessons learned while deepening partnerships.