15.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	15.0
Equity

* These investment figures are indicative

The Project is anticipated to yield significant outcomes, including (i) stakeholder effects from improved access to food, energy and medical products and (ii) economy wide effects by contributing to employment creation and value addition. Beyond the Project level outcomes, IFC anticipates the investment will strengthen market resilience by providing liquidity to the Palestinian economy at a time of uncertainty and economic strain.

IFC’s additionality in this Project is both financial and non-financial. Financial additionality stems from the provision of a financing structure to support the Company’s expansion of its storage and distribution capacity, including implementation of energy-efficient systems, and development of a solar power plant. Non-financial additionality is comprised of knowledge, innovation and capacity building through four advisory engagements, as well as in the standard setting and alignment with E&S standards and industry best practices.

Indicator	Metrics	Comments	Calendar Year 2022	Calendar Year 2023	Calendar Year 2024
Direct Employment (#) Operations And Maintenance	individuals	Number of jobs created	Pre-dates IFC investment	Pre-dates IFC investment	Pre-dates IFC investment
New products/services/ procedure: medical equipment	number		Pre-dates IFC investment	Pre-dates IFC investment	Pre-dates IFC investment
Payment To Government ($M)	USDMill		Pre-dates IFC investment	Pre-dates IFC investment	Pre-dates IFC investment
Power Generation	GWh	Solar Energy generated locally	Pre-dates IFC investment	Pre-dates IFC investment	Pre-dates IFC investment

 This is a Category B Project according to IFC’s 2012 Policy on Environmental and Social Sustainability due to limited and site-specific E&S risks and impacts associated with the expansion of production capacity and/or construction of warehouses at the four existing APIC’s subsidiaries. These can be avoided or mitigated by adhering to Good International Industry Practices (GIIPs). Key E&S risks and issues for this proposed investment are: (i) implementation effectiveness of APIC E&S management system, especially at the four subsidiaries, including E&S policies, risk assessment studies, management plans and Standard Operating Procedures (SOPs) during expansion/operational phase, organizational capacity/competency; (ii) fair treatment and safe working conditions for employees,  contractors and supply chain workers, including implementation of HR policies/procedures aligned with PS2 requirements; (iii) emergency preparedness and response; (iv) resource efficiency and GHG emissions, management of air emissions, noise, solid/hazardous waste, and effluent; (v) community safety, traffic and use of security forces; (vi) stakeholder engagement, including community grievance mechanism.  The scope of IFC appraisal took into consideration contextual risks that the project is facing, and which are associated mostly with Israel’s control of the Occupied Palestinian Territory. Considering the security situation in West Bank, none of the four subsidiaries financed under the IFC’s use of proceeds underwent a site appraisal. 

Please refer to the related Environmental and Social Review Summary (ESRS) document for this project.

Please refer to the Environmental and Social Action Plan (ESAP) tab in the related Environmental and Social Review Summary (ESRS) document for this project.