UN Secretary-General Ban Ki-moon outlined the proposal for a new "global compact on responsibility-sharing" today to address the crisis from the 60 million refugees and displaced people worldwide.
The United Nations hopes that new deal will lift some of the burden on developing countries in the refugee crisis, which has been fueled by the five-year war in Syria and other conflicts.
"With equitable responsiblity sharing, there would be no crisis for host countries," Ban said.
"We can afford to help, and we know what we need to do," but too often fear, ignorance and xenophobia get in the way, he said.
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The UN plan was put forward as the European Union has been bogged down in disputes over how to deal with its refugee crisis.
An EU deal with Turkey, which has agreed to take back migrants in exchange for a string of concessions, has run into hurdles and the bloc has been haggling over how to share out the burden of resettlements.
The global compact on refugees is expected to be adopted at a UN summit on September 19, that will be followed on September 20 by a US pledging conference.
President Barack Obama will host that conference on the sidelines of the UN General Assembly meeting to ask countries to come forward and announce the number of refugees they are willing to take in along with any other support they can offer.