The Palestinian Authority and European institutions, meeting in the West Bank city of Ramallah on the sidelines of the European Union-Palestine Business Forum, signed investment and financing agreements Wednesday worth €80.65 million ($84.83 million) to promote economic development in the Palestinian territories. One of the agreements is a €30.5 million ($32.08 million) financing deal between the EU and the Palestinian government to enhance growth by supporting private-sector projects. In addition, the European Bank for Reconstruction and Development, as well as Dutch, French, and Italian financial institutions signed loan agreements totaling €50.15 million ($52.75 million) to support Palestinian startups, employment, and economic growth. The forum was attended by Palestinian and European business leaders, bankers, investors, and government representatives, including PA Prime Minister Mohammad Shtayyeh.
European Institutions To Invest $85M in Palestinian Economic Development
Posted By Steven Ganot On In Mideast Daily News
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