President Francois Hollande declared on Monday that France will take in 24,000 refugees over the next two years and also suggested hosting a worldwide conference on what has been called the worst refugee crisis in Europe since World War II.

Hollande said that European Commission was arranging to reveal a "mandatory quota," wherein members of the European Union will relocate a total of 120,000 refugees coming from war-torn countries.

"The issue of refugees and displaced people is first and foremost an issue that affects southern countries... It affects Africa, the Middle East but also other continents including Asia," Hollande said, according to Agence France-Presse.

The plan was formulated by European Commission chief Jean-Claude Juncker and the full plan will be unveiled on Wednesday. The proposal suggests Germany will take 31,443, Spain 14,931 and France will take a total of 24,031 to relieve Greece, Italy and Hungary of the burden of taking in refugees.

Europe has been prompted to take action regarding the migrant crisis, after photos of the body of a Syrian boy, who drowned along with his family while crossing to Greece from Turkey last week, sparked public outrage, according to Hindustan Times.

Hollande also revealed that France would start an investigation over Islamic State positions in Syria in order to recognize possible targets, which will further expand its involvement in the ongoing regional conflict, according to Wall Street Journal.