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IFC Invests in Fund to Support SMEs in West Bank and Gaza

 IFC Invests in Fund to Support SMEs in West Bank and Gaza

The International Finance Corporation (IFC) is to invest in a private equity fund to help SMEs in the West Bank and Gaza gain access to the finance they need to grow and create jobs. IFC’s equity investment of up to $3 million in the Palestine Growth Capital Fund, which is managed by The Abraaj Group, will help provide long-term financing to SMEs across various sectors, from health care to retail, allowing them to expand their business and employ more workers in a shrinking economy.  

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