The European Investment Bank and the Palestinian Monetary Board signed an agreement in New York to support the development of small and medium-sized enterprises. The program's budget is €400 million, and the guarantor is the European Commission.
The EU Commissioner for the Mediterranean, Dubravka Šuica, announced that the initiative is part of an overall €1.6 billion package of support for the Palestinians. According to her, the goal is to “make the Palestinian economy viable” by strengthening the private sector.
