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Bank of Palestine, Cairo-Amman Bank, Proparco and the European Union launch the second phase of the SUNREF green finance program as part of a Team Europe effort signing some € 200 million in agreements to boost the Palestinian economy

palestine proparco sunref finance verte bank of palestine union europeenne cairo amman bank
Within the context of the 3rd meeting of the EU-Palestine Investment Platform, Proparco, an AFD Group subsidiary, signed a 60 million euro financing package with Cairo Amman Bank (CAB), Bank of Palestine (BOP) and the European Union (EU) to support green projects in Palestine. The package is composed of Proparco loans coupled with EU grants to provide investment incentives to Palestinian SMEs and technical assistance to project stakeholders. The signatures took place at the Palestinian Prime Minister’s office in Ramallah with the participation of the Palestinian Energy and Natural Resources Authority.

The initiative comes as a joint effort of Team Europe partners, the Palestinian Authority and private sector institutions to foster European investment in Palestine contributing to job creation, sustainable growth and welfare. Overall, six agreements were signed today for an amount of around EUR 200 million between the EU, Palestinian Banks, Proparco and its German counterpart KfW.
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FinDev Canada, US DFC, Proparco and AXA XL partner with MFX Currency Risk Solutions to facilitate impact investing in emerging and developing markets

FinDev Canada, US DFC, Proparco, AXA XL, MFX Currency Risk Solutions impact investing
FinDev Canada, US DFC, Proparco and AXA XL announced they are providing an innovative financing solution to MFX Currency Risk Solutions (MFX) to enhance its liquidity and help position it for its next phase of growth. MFX is a socially-oriented company that supports impact investing in emerging and developing countries by providing hedging products that mitigate currency exchange risk.
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