The IFC UNHCR joint initiative is hosted in IFC’s Regional Office in Istanbul, Türkiye, promoting the implementation of Private sector interventions in forced displacement in various countries across the globe. While acknowledging that the private sector is not a panacea, the Joint Initiative is supporting teams of both organizations and other stakeholders to achieve private sector solutions whenever relevant.

Attracting private sector investments in refugee-hosting areas can lead to the establishment of new businesses, industries, and job opportunities. These investments benefit those who have been forcibly displaced and enhance the economic well-being of the local host communities and the host country at large by providing access to services and opportunities.