24/09/2025 (Agence Europe) – On Wednesday 24 September, at the United Nations General Assembly in New York, the European Commission and the European Investment Bank (EIB) announced the signing of a €400 million financing facility with the Palestine Monetary Authority (PMA) to support economic recovery and resilience of the Palestinian private sector. The initiative aims to improve access to finance for micro, small and medium-sized enterprises (SMEs) by providing “long-term, affordable financial resources to enterprises that have been significantly affected by the ongoing conflict”, according to a joint press release from the Commission and the EIB. Funding will be channelled through partner banks and local microfinance institutions. This support is part of the European Commission’s ‘Multiannual and Comprehensive Programme for Palestinian Recovery and Resilience’, worth €1.6 billion over the period 2025-2027. (CG)