Global Concessional Financing Facility

The Global Concessional Financing Facility, or GCFF, is a global “financial intermediary fund” trust fund, initiated in 2016 by the World Bank and financed by donor governments that currently include: Canada, European Commission, Denmark, Germany, Japan, Norway, Netherlands, Sweden, United Kingdom, and United States.

The GCFF was formed to address the refugee crisis from the development side: to complement shorter-term humanitarian aid with longer-term development projects benefiting both refugees and host communities by making low cost financing accessible to middle income countries hosting refugees. The World Bank acts as Trustee for the GCFF, houses the GCFF Coordination Unit, chairs the Steering Committee, and acts as one of the implementation support agencies.