Brussels/Ramallah — June 8, 2026 — The European Investment Bank (EIB) and the European Commission have begun implementing a €400 million facility to expand access to finance for Palestinian micro, small and medium-sized enterprises (MSMEs). The initiative channels up to $395 million through five local banks — Bank of Palestine, Quds Bank, Palestine Investment Bank, The National Bank, and Cairo Amman Bank — alongside €2.1 million in technical assistance to strengthen the financial ecosystem.
The agreements, signed with the Palestine Monetary Authority (PMA), will provide liquidity to businesses facing severe economic pressures amid ongoing conflict. Funds will be directed exclusively toward MSMEs, helping sustain jobs, support families, and reinforce economic resilience.
EIB Vice-President Gelsomina Vigliotti stated: “Palestinian businesses need reliable access to finance if they are to continue operating, investing and protecting livelihoods under extremely difficult conditions. With these agreements, we are putting into operation the €400 million facility announced in October 2025.”
PMA Deputy Governor Mohammad Manasrah emphasized that the package strengthens the Palestinian financial sector’s ability to support enterprises during exceptional strain, broadening access to credit across the country.
The facility is part of the European Commission’s Multiannual and Comprehensive Programme for Palestinian Recovery and Resilience (2025–2027), a €1.6 billion envelope that includes grants and project financing to foster recovery in the West Bank, East Jerusalem, and Gaza.
Since 1995, the EIB has invested around €1 billion in Palestine, supporting infrastructure, risk-sharing instruments, and MSMEs. This new operation builds on that legacy, reinforcing both financial stability and long-term resilience for Palestinian communities.
