The EBRD’s first projects in the West Bank and Gaza

By Katarzyna Kukula

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We’ve invested US$ 15 million to reach over 200 SMEs via partner banks

The first beneficiaries of the EBRD’s work with SMEs in the West Bank and Gaza include: MedLabs Group which we’re helping bring high quality healthcare services to the West Bank; Q Fine Chocolate which is re-branding its products to expand its customers base; and Hidmi Foods which has upgraded its food safety standards to access new export markets.  

We are also working with the Palestinian Monetary Authority to mitigate risks associated with the use of foreign currencies as well as with the Palestinian Exchange on improving access to finance for small businesses.

The EBRD’s work in the West Bank and Gaza is supported by the European Union and the EBRD Multi-Donor Trust Fund for the West Bank and Gaza (current contributors: the Netherlands and the United Kingdom).

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