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    Reference: 20210077
    Release date: 5 January 2022

    Promoter – Financial Intermediary

    PALESTINE MONETARY AUTHORITY

    Location

    Description

    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.

    Objectives

    Financing of small/medium projects carried out by Palestinian small and medium-sized enterprises (SMEs) and mid-caps.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    USD 200 million (EUR 168 million)

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    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.

    Procurement

    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.

    Status

    Signed - 6/10/2021

    Related tags

    Palestine* Credit lines