For the first time since the European Bank for Reconstruction and Development (EBRD) decision in 2017 to expand its operations to the West Bank and Gaza, the EBRD President Suma Chakrabarti will visit Ramallah and Bethlehem on Tuesday, 13 March.
During his stay President Chakrabarti will meet the Palestinian President Mahmoud Abbas, Prime Minister Rami Hamdallah, Minister of National Economy Abeer Odeh, Minister of Tourism Rula Maayeh, and the Governor of the Palestine Monetary Authority Azzam Shawwa.
At the start of his mission President Chakrabarti said: “I am delighted to visit the West Bank and Gaza and launch our first investment with the strong support of the authorities. We are committed to improving the business climate and to delivering tangible improvements in people’s lives by unleashing their economic potential.”
The EBRD delegation will include Heike Harmgart, EBRD Director, Eastern Mediterranean Region, who is also responsible for the Bank’s operations in Jordan and Lebanon.
In the West Bank and Gaza the EBRD will provide support to improve the competitiveness of the private sector as well as strengthen innovation, increase access to finance for small businesses, foster the sustainable supply of energy and promote private sector participation in energy efficiency and infrastructure.
The EBRD was established in 1991 with the goal of supporting the development of market economies and promoting the private sector. Having started in central and eastern Europe, today the Bank operates in 38 economies across three continents, from Morocco to Mongolia and Estonia to Egypt.
To date, the Bank has invested about €120 billion in more than 5,000 projects. The southern and eastern Mediterranean region, to which the West Bank and Gaza will belong, is currently the fast- growing region of EBRD operations with more than €6.7 billion in over 175 projects in less than six years.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Sign me up for the newsletter!
Notify me of follow-up comments by email.
Notify me of new posts by email.
UK Government announces £10 million for small businesses to kickstart tourism
Aditya Birla Sun Life Insurance launches Child’s Future Assured Plan
Andy Edwards appointed Springboks new Head of Athletic Performance
Sonalika records 55% growth in domestic volume in June’20. Outpaces industry growth at 23%
Liberty General Insurance Introduces ‘Liberty Assure’ –
2014 The Global Indian New Network (TGINN)