Soros pledges $500 million for refugee absorption program

In a joint initiative with the UN Refugee Agency and billionaire George Soros’ Open Society Foundations, Canada is urging other countries to emulate its absorption of Syrian refugees.

Speaking against the backdrop of the United Nations General Assembly summit on refugees and migrants in New York, Hungarian-American business magnate George George Soros on Tuesday pledged to invest up to $500 million to help solve the global refugee crisis.

According to the UN, 65 million people were displaced in 2015, mostly from Syria, Afghanistan and Somalia, Reuters reported.

“We will invest in startups, established companies, social impact initiatives, and businesses started by migrants and refugees. These investments are intended to be successful. But our primary focus is to create products and services that truly benefit migrants and host communities,” Soros stated.

In an article published in Foreign Policy magazine on July 16, Soros explained:

“What would a comprehensive approach look like? It would establish a guaranteed target of at least 300,000 refugees each year who would be securely resettled directly to Europe from the Middle East — a total that hopefully would be matched by countries elsewhere in the world.”

According to Soros, “To finance it, new European taxes will have to be levied sooner or later. In the meantime, needs can be partially met by mobilizing the unused credit of already existing EU financial instruments: balance-of-payments assistance, Macro-Financial Assistance, and the European Financial Stabilization Mechanism (EFSM). These instruments together have more than 50 billion euros of unused credit available…”

Furthermore, “Canada provides a good role model (although its geographic context differs from Europe’s). In just four months, it admitted 25,000 Syrian refugees and is integrating them through public-private partnerships and local nonprofits. The government has promised to accept another 10,000 Syrians by year’s end and 44,000 refugees in total in 2016. (At the same time, it is admitting 300,000 migrants in total every year; this would be the equivalent of the EU accepting 4.5 million migrants annually.)”

Canadian Immigration Minister John McCallum on Monday, in an interview on CBC News, discussed his country’s joint initiative with the UN Refugee Agency and Soros’ Open Society Foundations,  hoping  “to sell our privately sponsored refugee program to other countries.”

In August, the website DC Leaks released a confidential report composed of documents pointing to Soros’ massive contributions to anti-Israel causes.

By: World Israel News Staff