EBRD and EU launch green investments in the West Bank
Palestine, Sept. 15 -- The European Bank for Reconstruction and Development and the European Union (EU) launched the Green Economy Financing Facility (GEFF) programme in the West Bank in an effort to support the transition to a greener economy.The newly rolled-out GEFF programme will provide up to €25.9 million of senior unsecured loans to four local financial institutions for gender-responsive on-lending to Palestinian micro, small and medium-sized enterprises (MSMEs) and residents over the next seven years. This programme aims to promote the transition to an environmentally sustainable, low-carbon and climate-resilient economy by focusing on investments in small-scale renewable energy, water-, energy- and resource-efficiency project...
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