VOL. XLII

No 45

8-November-1999

PALESTINE

EIB To Provide Euro 8Mn For Palestinian Private Sector

The European Investment Bank (EIB), the EU痴 long-termfinancing institution, is to provide a total of euro 8mn ($8.6mn) to supportthe Palestinian private sector, according to an EIB press release issued on 29October. Euro 6mn ($6.4mn) has been allocated to the Palestinian BankingCorporation (PBC) in the form of a global loan. The funds will be channeled asequity and quasi-equity capital to small and...