Together on forced displacement and migration

Together on forced displacement and migration

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Forced displacement is an important global development challenge. As the world attempts to tackle this issue it is essential to combine short term humanitarian interventions with medium and long term efforts to ease the burden on community services and social infrastructure, whilst addressing the root causes of forced displacement and creating economic resilience in both host and origin countries. 

As the EU bank, the EIB is committed to working together with partners to help define and deliver an effective response to the global forced displacement crisis and further strengthen economic development contributions. This is being achieved by:

  • focusing on the socioeconomic aspects of the crises
  • helping communities to facilitate the acceptance and inclusion of the forcibly displaced
  • supporting economic resilience, through such initiatives as investing in the private sector to create jobs and real economic opportunities.

At the request of the European Council, we are developing a specific initiative to support economic resilience in the EU’s Southern Neighbourhood and the Western Balkans regions, both of which have been significantly impacted by the refugee crisis on the EU’s doorstep. 

The influx of refugees into European Union over the past year presents one of the greatest challenges ever faced by the European Union. Political instability and conflict in the EU’s neighbouring countries are driving this mass movement of people. The need for action with immediate impact is clear.

While the solution to the root causes of the crisis will ultimately be found around the negotiating table, there is in the meantime a role and a responsibility for those of us committed to furthering peace and prosperity in Europe and its neighbourhood to confront the challenges. The current refugee crisis is a reminder of the interconnectedness of development issues, not only with geopolitics, but also with growth and investment policies in every country.

As the EU’s bank and the largest IFI lender for projects in the pre-accession and MENA regions, the EIB is committed to assisting EU Member States in addressing the refugee crisis in host countries, transit countries and countries of origin. Our experience of more than three decades in the region means we are best placed to deliver financing as part of the EU response.

When people can look forward to a dignified and peaceful life in their own countries and are protected from conflicts and natural disasters, they have every incentive to build their future where they really feel at home.”
Werner Hoyer, EIB President.

Finding financial refuge

With waves of refugees arriving from the Middle East and large movements of workers seeking stable incomes within the EU, microfinance loans are more and more important to Europe’s economic future. Refugees can look like risky business propositions. Of the eventual recipients of EIF microfinance funding, half of those who started their own company were unemployed before receiving a loan. But when they get the finance they need, refugees enrich their new community by creating jobs and adding cultural diversity.

Promoting integration in an improved urban environment

The EIB is pledging EUR 120m to strengthen the financial situation of municipalities investing in urgently needed accommodation for refugees in the Federal State of Brandenburg. Need is very high is this region due to the sharp influx of refugees and asylum seekers. This project aims to significantly improved the urban environment by providing better living conditions. This will not only improve integration but also provide many job