VOL. XXXIX

No. 19

5-February-1996

PALESTINE

Arab Palestine Investment Bank Gets IFC Backing

The International Finance Corporation (IFC), an arm of the World Bank, has agreed to take 25% of the shares of the proposed Arab Palestine Investment Bank. The bank, which will focus initially on project lending, trade finance, corporate advisory services and mobilizing wholesale funding from the local market and overseas, is designed to serve the areas of the West Bank and Gaza Strip under...