Signature(s)
Summary sheet
- Credit lines - Credit lines
The facility aims to finance eligible small and medium-sized investments undertaken by small and medium-sized enterprises (SMEs) and mid-caps in Palestine, thereby contributing to economic resilience, employment generating activities and alleviating the economic burden of the refugee crisis in the country.
Financing of small/medium projects carried out by Palestinian small and medium-sized enterprises (SMEs) and mid-caps.
The Facility aims to finance eligible small and medium sized investments undertaken by SMEs and Mid-Caps in Palestine, thereby contributing to economic resilience, employment generating activities and alleviating the economic burden of the Covid-19 crisis in the country. SMEs make up the vast majority of firms in Palestine and, as such, play a vital role in creating and safeguarding employment, especially for young people and women. Access to finance is perceived as one of the biggest obstacles to the expansion of SMEs. The proposed operation is expected to enhance access to finance to SMEs and Mid-Caps, in that it will allow the selected financial intermediaries to make available funding at improved terms and conditions of loans.
The Bank will require the intermediary institution to take all the requisite measures to ensure that the procedures carried out by the final beneficiaries for the sub-projects receiving Bank financing will comply with national legislation and the EIB's Environmental and Social Standards as well as international treaties and conventions signed and ratified by or otherwise applicable and binding in the country.
The Bank will require the intermediary institution to take all requisite measures to ensure that any procurement procedures carried out by final beneficiaries for the sub-projects that the Bank finances are in accordance with the Bank's Guide to Procurement.
This operation is covered by the ELM Guarantee.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
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