Fostering Sustainable Economic Development

About this project

The action will contribute to digital transformation and green transition of the Palestinian economy, help expand Palestinian trade and investment as well as provide access to finance to allow Palestinian businesses to grow. The intervention will act as a stimulus package to key high-growth economic sectors, including digital and green, it will help the PA with policies and assist businesses to unlock trade and investment and it will also ease access to finance particularly for vulnerable groups. The action will contribute to the economic recovery efforts in Gaza addressing needs that result from destruction and the economic repercussions of the hostilities.¿The action will consist of three core components and will be complemented by two blending operations[1], which on a systemic level mutually reinforce each other through their positive impact on the Palestinian economy at large, stimulating sustainable, green and digital development, economic growth, creation of employment and welfare. Several of the below components will operate both in the West Bank and in Gaza. ·        Component 1: Digital Transformation for Youth and Jobs (EUR 7.5 million ¿ Indirect Management with International Organisation):The component will assist the Palestinian IT sector to use its dynamism towards job creation. It will strengthen firm capabilities, foster innovation and entrepreneurship, improve demand from international buyers and investors, and stimula…

Goals

Sustainable Development Goals this project works towards

• 8Decent Work and Economic Growth

Published by

European Commission - Directorate-General for Neighbourhood and Enlargement Negotiations · Other public sector

Countries

Palestinian Territories

Sectors

Immediate post-emergency reconstruction and rehabilitationEmployment creation

Focus

Environment · Also contributesGood governance · Also contributesClimate mitigation · Also contributes

Published by European Commission - Directorate-General for Neighbourhood and Enlargement Negotiations to the International Aid Transparency Initiative (IATI), last updated 30 Jan 2025 and imported automatically. IATI identifier: XI-IATI-EC_NEAR-2022-ACT-60730.

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