Why and How Multilateral Development Banks Support Improved Outcomes for Economic Migrants and Refugees

Helen Dempster, Martha Ble and Stéphanie Villamil
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Helen Dempster: Center for Global Development
Martha Ble: Refugees International
Stéphanie Villamil: Independent consultant

No 328, Policy Papers from Center for Global Development

Abstract: Economic migrants and refugees can bring both benefits and costs to their hosting countries. If well-integrated, they can support themselves, their families, and their hosting countries as producers and consumers. Both economic migration and forced displacement are therefore integrally linked with development outcomes. Recognizing this, multilateral development banks (MDBs) are supporting their beneficiary member countries to improve outcomes for economic migrants and refugees, in the form of billions of dollars in grants and loans, as well as technical assistance, policy dialogues, and knowledge exchanges. This paper provides an introductory snapshot of some of the financing instruments, projects, and strategies used; particularly innovative approaches; and challenges MDBs face in expanding their engagement. It is hoped this paper will be useful to anyone who engages with MDBs and wants to understand how they engage on economic migration and forced displacement, particularly as these issues continue to grow in importance.

Pages: 40 pages
Date: 2024-05-09
New Economics Papers: this item is included in nep-ban, nep-mig, nep-ppm and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:cgd:ppaper:328

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