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Bashar Al Barghouthi is in the business of helping save lives in the West Bank and Gaza, and IFC is in the business of helping firms like Intermed Palestine, where Barghouthi is general manager, grow stronger through its Global Trade Finance Program (GTFP).

IFC Market Bites is a series of reports based on comprehensive market assessments conducted by IFC’s Financial Institutions Group to provide market knowledge and support financial inclusion. Digital financial services are still in their infancy in the West Bank and Gaza. Backed by the necessary regulatory advances, such services could become ...

Ramallah, West Bank, January 24, 2022— IFC is investing in Ibtikar Fund II to support early-stage entrepreneurs, spur innovation, and drive economic growth in the West Bank and Gaza. Ibtikar, which means innovation in Arabic, is a leading early-stage fund manager in the West Bank and Gaza. IFC is providing $2.5 million in equity to Ibtikar ...

Solar Power Reboots Gaza’s Business Potential. The largest solar array in the West Bank and Gaza will help manufacturers ramp up production and create jobs. Read Story. Latin American Start-ups Drive Development and Innovation. In Brazil, tech company Loggi is disrupting business as usual and creating economic opportunities.

Bank of Palestine is working closely with IFC to meet several priority needs in the West Bank and Gaza, beginning with the offering of combined investment and advisory products. Over the past year, IFC’s Advisory Services team in MENA has been working hand-in-hand with the bank’s management to help it create a solid risk management system ...

• KYC in the West Bank and Gaza is controlled by the AML Law and the Palestine Monetary Authority Law #2 of 1997. The PA has a very effective supervision and regulatory compliance function for financial institutions and non-financial businesses and professions (DNFBPs)1 • The AML law was decreed by the president in 2007 which was developed

In 2016, the worlds’ cities generated 2.01 billion tons of solid waste, amounting to a footprint of 0.74 kilograms per person per day. By 2050, this number is projected to climb to 3.4 billion. Poorly managed waste has an enormous impact on people’s well-being, the environment, and national economies that often results in higher costs for ...

IFC’s $1 million equity investment in the fund in 2016 was a big boost to Ibtikar. It helped fill a critical funding gap for entrepreneurs in the West Bank and Gaza. “So far, we’ve invested in 19 different companies. We support them and mentor them, make sure they have good governance, and try to ensure as few barriers for investors as ...

Global Trade Finance Program. The Global Trade Finance Program (GTFP) extends and complements the capacity of banks to deliver trade financing by providing risk mitigation in new or challenging markets where trade lines may be constrained. Under GTFP, IFC has issued guarantees covering over 68,000 transactions to date for more than $66.5 billion.

Entrepreneurship. Women play a critical role in the global economy as entrepreneurs. They help create jobs, generate income, and boost revenue—driving economies while reducing inequalities between women and men. In many emerging economies, women are starting businesses at a faster rate than men, significantly contributing to the economic growth.