Credit Guarantee Fund

Promoteur – Intermédiaire Financier

Palestinian National Authority / Ministry of Finance

Lieu

• Palestine*

Description

The operation concerns a credit guarantee fund for small and medium sized businesses in Gaza West Bank, which aims at facilitating access to medium-term bank finance through local banks. The project is being implemented under the aegis of German Financial Cooperation/ KfW, with further financial contributions envisaged from the European Commission and the EIB.

Objectifs

The operation will promote private sector (SME) development and thus contribute to the recovery of the Palestinian economy and the safeguarding and creation of employment opportunities.

Commentaires

SME and financial sector.

Secteur(s)

• Services

Montant BEI envisagé (montant approximatif)

Conditional loan (risk capital resources) of up to EUR 10 million.

Coût total (montant approximatif)

EUR 28 million.

Aspects environnementaux

The financial intermediaries will undertake to promote compliance of the sub-projects with relevant national and EU law.

Passation des marchés

Following EIB’s procurement guidelines in force for risk capital financing.

Statut

Signé - 13/12/2005