EBRD and Quds Bank promote green and women-led Palestinian businesses
Palestine, Sept. 15 -- The European Bank for Reconstruction and Development (EBRD) is supporting the Palestinian private sector and households with a US$ 10 million financing package to Quds Bank (QB). The package consists of two facilities: a GEFF loan of US$ 8 million under the Green Economy Financing Facility (GEFF) Framework, and a Women in Business loan of up to US$ 2 million under the Women in Business Programme. Under the European Union (EU)-funded Green Economy Financing Facility (GEFF) Framework, up to US$ 8 million will be on-lent to private sub-borrowers - micro, small and medium-sized enterprises (MSMEs) and residential sub-borrowers - in the West Bank, for investments in small-scale renewable energy, water-, energy- and resourc...
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