PROJECT

Projects

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