IFC Investment to Improve Mobile Communications in West Bank and Gaza
In conflict-affected West Bank and Gaza, mobility is impeded and access to reliable mobile services is not a luxury, it is a necessity. Today, IFC is spurring competition in the telecommunications sector and helping make mobile services more accessible and affordable by investing $3 million in the first public share offering from Wataniya Palestine, an existing client and West Bank and Gaza ...
Helping Importers Save Lives in West Bank and Gaza
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).
Generating Solar Power—and Self-Reliance—in the West Bank
The effect of power cuts is especially dire in Gaza, where the United Nations has warned of “disastrous consequences” from ongoing electricity shortages. “There are many challenges in the West Bank and Gaza, but perhaps the biggest among them is energy,” says Youssef Habesch, IFC’s resident representative for the West Bank and Gaza.
Bank of Palestine, Investing in Its People - IFC
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 ...
IFC DIGITAL SCOPING - International Finance Corporation
• 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
IFC PPPs in Waste - International Finance Corporation
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 ...
MENA Entrepreneurs - IFC
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 - International Finance Corporation
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.
DevCo - International Finance Corporation
The Infrastructure Development Collaboration Partnership Fund (DevCo) is a multi-donor facility managed by IFC. DevCo is part of the Private Infrastructure Development Group (PIDG), and receives funding from the Ministry of Foreign Affairs of the Netherlands (DGIS), the Swedish International Development Cooperation Agency (Sida), and the UK Department for International Development (DFID).
Entrepreneurship - International Finance Corporation
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.