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Bangladesh is providing an immense global public good, hosting more than 688,000 Rohingya fleeing violence in Myanmar since August 2017.
The international community should come together to make aid and beyond-aid commitments that deliver sustainable benefits for refugees and hosts. Deploying a refugee compact model that combines these contributions with policy reforms that enable refugee dignity and self-reliance is a promising path forward.
The Jordan Compact offers important lessons on the necessity of diverse stakeholder engagement, strong data and evidence, pragmatic policy discussions, and delivering sustainable solutions for refugees and hosts alike.
The level of ambition needed for a Bangladesh Compact requires looking not just at new financing but also beyond-aid contributions such as trade concessions and increased labor mobility.