Private Sector Development in Conflict Regions : Viable Support Options in the West Bank and Gaza
As a result of the extensive security restrictions, growth in the West Bank and Gaza in the past has become dependent on aid contributions through the Palestinian Authority (PA). However, sustainable and inclusive growth requires a strong private s...
| Main Authors: | , , |
|---|---|
| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2012/01/15633811/private-sector-development-conflict-regions-viable-support-options-west-bank-gaza http://hdl.handle.net/10986/10850 |
| Summary: | As a result of the extensive security
restrictions, growth in the West Bank and Gaza in the past
has become dependent on aid contributions through the
Palestinian Authority (PA). However, sustainable and
inclusive growth requires a strong private sector capable of
absorbing a growing labor force. Consequently, the World
Bank in partnership with the UK's Department for
International Development (DFID) developed the Palestinian
Facility for New Market Development (FNMD). This matching
grant scheme was designed to reduce the risk of investing in
the highly uncertain environment and encourage enterprises
to upgrade their capabilities, develop new products and
enter new markets. This Quick Note provides an overview of
the design and outcomes of FNMD and highlights the lessons
learned in implementing the project. Lessons learned from
this initiative underline that there are viable private
sector options, even in fragile environments such as Gaza. |
|---|