Algeria
Egypt
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Libya
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Palestine *
Syria *
TunisiaTeam Europe signs some EUR 200 million in agreements to boost the Palestinian economy
The initiative comes as a joint effort of Team Europe partners, the Palestinian Authority and private sector institutions to foster European investment in Palestine contributing to job creation, sustainable growth and welfare.
Together six agreements were signed between the EU, Governments of France and Germany, their financial institutions PROPARCO – AFD Group and KfW Development Bank as well as several Palestinian banks.
The financing mobilised will allow new investments by thousands of Palestinian companies across sectors of the economy. It will enable investment in renewable energy, energy efficiency and environmental projects, supporting Palestine’s green economic transition and improving its energy independence. It will help with the recovery of businesses hard-hit by the COVID19 pandemic, broadening access to liquidity for companies working in areas such as tourism and hospitality.
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