VOL. XLI

No. 20

18-May-1998

PALESTINE

EIB Lends Palestinians $38Mn For Electricity

The European Investment Bank (EIB) has lent ECU35mn ($37.7mn) to the PalestinianAuthority to part-finance the upgrading of the electricity distribution in the central andsouthern West Bank, including Bethlehem. In a statement, the EIB said that the 20-yearfacility is being extended to the PA under the terms of the Euromed partnership agreementfor on-lending to the privately-owned Jerusalem District Electricity...