Summary of Proposed Investment
Project Number
26766
Company Name
BANK OF PALESTINE PLC
Date SPI Disclosed
Apr 11, 2008
Country
West Bank and Gaza
Industry
Financial Markets
Projected Board Date
May 12, 2008
Status
Completed
Sector
Colleges, Universities, and Professional Schools
Department
Regional Industry FIG MCT
Environmental Category
C - No Impact
Previous Events
Approved : Jun 6, 2008
Signed : Jun 19, 2008
Project Description
Palestinian Education Fund and IFC are planning to establish a risk-sharing student loans facility in the West Bank and Gaza. The Facility will be used to provide loans to students who have difficulty affording the upfront tuition fees for their tertiary education, thus providing them with up to 8 years to pay these fees. This will be the first private student loan financing facility in the Palestinian Territories. The student loans originated under the Facility will be funded and serviced by a local bank, with whom IFC will assess the credit risk. It is part of IFC’s strategy to develop student loans.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Rana Jadallah
Palestine Education Fund
Paltel Group, PO Box 636, Ramallah, West Bank
Telephone: 970 2 2944103
Fax: 970 2 2350453
E-mail: rana.jadallah@paltelgroup.ps
Palestine Education Fund
Paltel Group, PO Box 636, Ramallah, West Bank
Telephone: 970 2 2944103
Fax: 970 2 2350453
E-mail: rana.jadallah@paltelgroup.ps
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster