THE SITUATION:
Today's global humanitarian landscape is the most complex
since the end of World War II. According to United Nations High
Commissioner for Refugees (UNHCR) estimates, there are a record 110
million people around the world who have been forcibly removed from
their homes, in part because of ongoing conflicts in Ukraine, Gaza,
Sudan, Syria and Afghanistan.
THE CHALLENGE:
UNHCR sought an impactful way to finance the developmental and
humanitarian needs of these displaced people, including education,
shelter, healthcare, green energy, and water and sanitation.
OUR OBJECTIVE:
A McDermott impact finance team, led by Ranajoy Basu and supported by Priya Taneja and Siddhartha Sivaramakrishnan, acted as lead
counsel to UNHCR in the development and launch of the Global
Islamic Fund for Refugees (GIFR), a partnership between UNHCR and
the Islamic Development Bank (IsDB).
