Project description
Redefining refugee aid
Amidst a decade-long decline in traditional aid for refugee flows, a transformative shift to ‘refugee finance’ has taken centre stage, propelled by innovative financial instruments like refugee bonds and concessional loans. This departure from conventional funding methods raises critical questions about the uncharted socio-economic, legal and financial landscapes of this new approach. Addressing this pressing concern is the ERC-funded REF-FIN project, a pioneering initiative set to unravel the complexities of refugee finance. By delving into the political, financial and legal intricacies, REF-FIN aims to provide a much-needed understanding of the long-term implications and potential of this evolving paradigm in addressing societal challenges posed by large-scale refugee movements.
Objective
Over the last decade, following a general decline in aid from traditional bilateral and multilateral donors, the international community has dramatically changed the way in which it seeks to fund humanitarian responses to refugee flows, with an increasing reliance on 'refugee finance'. Refugee finance is the term used to refer to new financial instruments aimed at attracting private capital: refugee bonds, technical assistance funds and concessional loans. These instruments are promoted by international organizations, international financial institutions and states as inevitable solutions to the societal challenges raised by large-scale refugee flows. However, we know very little about the socio-economic, legal and financial implications of this paradigmatic shift 'from funding to financing'. Refugee finance has the potential to dramatically affect not only the refugee funding paradigm, but also the economy of the countries hosting refugees, and the way in which international refugee protection itself is conceptualized and implemented. According to its proponents, refugee finance promises to ensure refugees' resilience and self-reliance, whilst at the same time supporting the economic development of the host communities. There is, however, insufficient evidence to support these promises and a limited understanding of how these financial instruments operate. REF-FIN will advance both theoretical and practical knowledge of the political, financial and legal processes enabling refugee finance, and of its longer-term socio-economic implications through a comprehensive study of its frameworks practices and emerging patterns.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.1.1 - European Research Council (ERC)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-ERC - HORIZON ERC Grants
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2023-STG
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
22100 Lund
Sweden
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.