* This designation shall not be construed as recognition of a State of Palestine and is without prejudice to the individual positions of the Member States on this issue.
The EIB has worked with Palestine since 1995, supporting investments in projects that improve people’s lives. Thanks to our support for the Gaza Central Desalination Plant, over 2 million people benefit from drinking water.
Palestine also benefits from EIB support through the Economic Resilience Initiative (ERI). Under ERI, we have recently signed a USD 18m loan agreement with the Palestine Investment Fund (PIF) to finance the installation of rooftop photovoltaic systems on 500 public schools in the West Bank. This will generate 35 MW of clean energy enough to power more than 16000 houses across the West Bank and save 31000 tons of CO2 emissions each year.
We support the private sector and encourage entrepreneurship through Arab Bank, which provides loans at lower rates to local SMEs and Midcaps.
At a glance
The EIB provides finance and expertise for sound and sustainable investment projects in Palestine.
Hanan Ammash, resident of the Palestinian Ukba Al Jaber refugee camp, had a vision and started a project 3 years ago. Today, she is the owner of Palestinian Chef Products, a company which delivers fresh pizzas and other similar products to Palestinian schools, governmental and social organizations. Through the Southern Neighbourhood Microfinance Risk Capital Facility, the EU and its Bank aim to provide access to finance to SMEs in Palestine; in order to help people build their businesses, trigger economic growth and create jobs.