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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on June 12, 2025

    Featured image for article about Headlines

    (Fixes typo in headline)

    GENEVA (Reuters) -The number of people displaced by war and persecution around the world climbed above 122 million this year due to a failure to resolve multi-year conflicts such as those in Sudan and Ukraine, the U.N. refugee agency said on Thursday.

    However, it said that funding to help the refugees has fallen to 2015 levels.

    There were over 2 million more people displaced globally by the end of April 2025 than there were the previous year despite the return of nearly the same number of Syrians after the collapse of Bashar al-Assad's rule, according to the report by United Nations High Commissioner for Refugees Filippo Grandi.

    It attributed the rise to major conflicts in Sudan, Myanmar and Ukraine, and a continued failure to stop the fighting. 

    "We are living in a time of intense volatility in international relations, with modern warfare creating a fragile, harrowing landscape marked by acute human suffering," Grandi said in a statement alongside the report.

    Humanitarians complain that a lack of political leadership in brokering peace deals is prolonging conflicts and stretching aid groups seeking to address their impact.

    The surge in displacement numbers comes as funding to help them has fallen to 2015 levels when the total number of refugees around the world stood at about half current levels, UNHCR said.

    U.S. President Donald Trump has cut most foreign aid, while Britain and other European countries are also spending less on aid and more on defence.

    UNHCR, without naming donors, described the cuts as "brutal and ongoing" and said the situation was untenable, leaving refugees and others vulnerable.

    David Miliband, president and CEO of the International Rescue Committee aid group, said the cuts to support for poorer countries would drive further displacement.

    The U.N. refugee agency, whose largest donor has historically been the U.S., has previously said the cuts put millions of lives at risk and left women refugees at a greater risk of rape and children at risk of trafficking.

    "We are already doing more with less – but we cannot do this indefinitely," said Jan Egeland, Secretary General of the Norwegian Refugee Council.

    (Reporting by Emma FargeEditing by David Gregorio and Gareth Jones)

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