The European Union and the Palestinian Authority launched an Investment Platform with the aim to attract investment, contribute to sustainable economic development and to job creation.
To support the roll-out of the EU External Investment Plan in Palestine a dedicated platform was launched, which will help foster policy dialogue with the PA, European Financial Institutions and other local and international stakeholders on how to better attract investment into Palestine. The platform will work to help identify, prioritise, coordinate and promote investment opportunities that the EU External Investment Plan offers through its instruments. This coordination mechanism will serve to discuss policy priorities and investment pipelines in order ensure alignment of publicly sponsored investments with political, policy and reform priorities of Palestine.
Mobilisation of the EU External Investment Plan in Palestine started in July 2018. To date, 6 blended finance and guarantee operations funded by the EU have already been launched and some further 10 are currently under preparation. Amid the Covid-19 crisis, the EU as part of the Team Europe initiative stepped-up its assistance to the Palestinian private sector. The EU has mobilised a large package of financing amounting to EUR 85 million in EU funds, which is expected to mobilise over EUR 400 million in soft loans and investment for the Palestinian private sector.