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Bank of Palestine set to receive a $30 million donation from France as well as an additional grant from the EU

Headline: “The Bank of Palestine launches the second version of a plan to support renewable energy projects with European funding”

 

“The Bank of Palestine and the French [semi-state] organization Proparco, in cooperation with the European Union (EU), launched the SUNREF II funding plan, after the first version of the plan, SUNREF I, was presented. This was done in accordance with the agreement recently signed by the three parties.

The plan includes $30 million in credit facilities funded by Proparco, in addition to a grant from the EU on everything regarding professional help and incentives for small and medium-sized projects.”