EBRD and EU partner with Palestine Investment Bank to support women-led businesses
Palestine, July 9 -- The European Bank for Reconstruction and Development (EBRD) is extending a €2 million loan to Palestine Investment Bank (PIB) to expand access to finance for women-led businesses in the West Bank, a critically underserved segment of the local economy. The loan is supported by European Union (EU) funded technical assistance and first-loss risk cover.The loan is provided under the EBRD's Women in Business programme and will be used for on-lending to eligible private micro, small and medium-sized enterprises (MSMEs) led by women in the West Bank, to support them in the current operating environment and challenging conditions. The facility will be accompanied by 20 per cent first-loss risk cover funded by the EU throu...
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