1、This publication may be reused for noncommercial purposes if the source is cited as IFC, a member of the World Bank Group.1www.ifc.org/thoughtleadershipNOTE 103 MAY 2021Private Sector Initiatives in Forced Displacement Contexts: Constraints and Opportunities for Market-based ApproachesBy Weiyi Wang,
2、 Ozan Cakmak, and Kurt HagemannThe number of forcibly displaced persons has been rising in recent years, and many displacements have become protracted. However, public resources available to assist individuals and families have dwindled, exacerbating already strained situations. Amid this backdrop,
3、private sector initiatives have emerged to help create jobs both for displaced people and their host communities. While market-based approaches in refugee contexts are still new, initiatives in several countries have demonstrated the valuable role that private sector firms and investors can play. Th
4、is note discusses examples of these market-based initiatives, related challenges, and conflict-sensitive approaches for overcoming these challenges. The note also discusses the important role that development agencies can play in de-risking private sector development through market-creating strategi
5、es, partnerships, and blended concessional finance.In recent years, forced displacement has risen to the top of the global development agenda. As of the end of 2020, more than 80 million people across the world had been forced from their homesthe highest level of displacement on record.1 Despite the
6、ir limited resources, developing countries host roughly 85 percent of the worlds refugees,2 and the prospects for preventing these crises and for refugees returning home remain elusive. In 2019, only 593,800 refugees were able to return to their homesdown from 667,400 refugees who repatriated in 201