Algeria
Egypt
Israel
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Lebanon
Libya
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Palestine *
Syria *
TunisiaEU and World Bank step up their cooperation to support the Palestinian business environment
At the margins of the 2022 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG), the European Union signed an agreement with the World Bank to provide a €9 million initial EU funding contribution through the newly set up Single-Donor Trust Fund for the EU Support for the Palestinian Economy and Resilience (ESPERE. These EU funds will finance activities with the World Bank in the West Bank and Gaza with the aim to support the improvement of the Palestinian business environment.
Creating the conditions for a more conducive business environment will allow to unlock additional private investments. This is central to the Team Europe Initiative on Sustainable Growth, Jobs and Resilience and the work of the European-Palestinian Investment Platform. In addition, through the Gaza Gateway Outsourcing Hub, the EU will support the development of the digital entrepreneurship ecosystem in Gaza, a key factor to overcome constraints linked to movement of people and goods.
Countries covered:
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Palestine *
