[T]he Conflict-Affected and Fragile Economies Facility...will further deepen MIGA’s support for investments into conflict-affected and fragile economies, while responsibly managing the Agency’s risk exposure...The World Bank estimates that more than 1.5 billion people live in countries or territories experiencing conflict and fragility or in countries with high levels of criminal violence. The private sector, particularly through foreign direct investment (FDI), plays an important role in long-term reconstruction and stabilization efforts in these economies...[T]he Facility will deploy its resources for projects that have a positive development impact on the local economy and contribute to ending poverty and boosting shared prosperity...The Government of Canada has confirmed that it will provide funding in support of this innovative new initiative.