PALESTINE FINANCIAL SUSTAINABILITY INITIATIVE PART 1

About this project

Contract inherited from multiple actions, related to: PALESTINE FINANCIAL SUSTAINABILITY INITIATIVE PART 1 - The Neighbourhood Investment Platform (NIP) is a blending facility, combining European Union grant contributions or financial instruments, with other public and private sector resources such as loans and equity in order to leverage additional non-grant financing. It forms part of the European Fund for Sustainable Development Plus (EFSD+) as foreseen in Article 32 of the NDICI ¿ Global Europe Regulation.The key objective of the NIP is, within the framework of the NDICI ¿ Global Europe Regulation, the EuroMed partnership and the Eastern Partnership, to contribute to achieving the Sustainable Development Goals (SDGs), creating sustainable jobs and infrastructures, and addressing some root causes of migration.To achieve this objective, vital capital investments must be made to rehabilitate, modernise or build essential infrastructures needed for safe and efficient transport of goods and people; enhance food security and resilience to shocks; safe production, transport and consumption of energy; effective environmental protection (in particular to ensure the quality of air, water and soil); sustainable waste management; climate change-related issues, and digital transformation of societies. In addition, capital is need for the provision of basic social services such as health and education; as well as economic growth through the support to private sector development, in pa…

Goals

Sustainable Development Goals this project works towards

• 3Good Health and Well-being
• 4Quality Education
• 5Gender Equality
• 6Clean Water and Sanitation
• 7Affordable and Clean Energy
• 8Decent Work and Economic Growth
• 11Sustainable Cities and Communities
• 12Responsible Consumption and Production
• 13Climate Action
• 17Partnerships for the Goals

Published by

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

Sectors

Small and medium-sized enterprises (SME) developmentFormal sector financial intermediaries

Focus

Gender equality · Also contributesEnvironment · Also contributesGood governance · Main focusBiodiversity · Also contributesClimate mitigation · Also contributesClimate adaptation · Also contributes

Places

998 - Palestine

Funded by

European Commission

Implemented by

EUROPEAN INVESTMENT BANK*BANQUE EUROPEENNE D INVESTISSEMENT

Accountable

European Investment Bank (Trust fund via EIB like FEMIP, NIF, Interest subsidies...)

Passes funds through

Directorate-General for Neighbourhood and Enlargement Negotiations

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-2024-PC-35493.

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