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TunisiaThe European Union and Palestinian Authority convene Investment Platform and announce EUR 28.3 million of investments for the Palestine Financial Sustainability Initiative
The European Union Representative, Mr Alexandre Stutzmann, and the Palestinian Prime Minister, Dr Mohammad Mustafa convened the 7th meeting of the European Union – Palestine Investment Platform at the Palestinian Prime Minister office on 16 December. The meeting brought together representatives of Palestinian and European public institutions as well as Palestinian private and banking sectors to discuss investment opportunities by the various European instruments.
During the meeting, the EU and the European Investment Bank (EIB), together with the Palestine Monetary Authority, signed a EUR 28.3 million agreement under the Palestine Financial Sustainability Initiative. This funding, including a EUR 16 million EU guarantee facility and EUR 12.3 million EU grant, aims to enhance access to finance for Palestinian micro, small, and medium enterprises (MSMEs), focusing on Area C, East Jerusalem, and Gaza (when conditions permit).
This initiative underscores the EU and EIB’s commitment to support the Palestinian Authority in stabilizing the Palestinian economy amid the current dire context, in line with the reform agenda of the Palestinian government. The Palestinian private sector, in the West Bank, East Jerusalem and Gaza, will directly benefit from this initiative. It will also contribute to the recovery and growth of the Palestinian economy while confirming the EU’s engagement in support Gaza reconstruction and Gazan economy, once feasible.
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