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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