EBRD boosts Palestinian trade with $10m facility for Arab Islamic Bank
The European Bank for Reconstruction and Development has increased its trade finance facility to Arab Islamic Bank by an additional $5 million, bringing the total limit to $10 million to support Palestinian import and export activity.
The expanded financing, provided under the EBRD’s Trade Facilitation Programme (TFP), aims to enhance trade flows between the West Bank and international markets at a time when access to global banking services remains constrained.
“The expanded limit to AIB will facilitate further trade flows between the West Bank and international markets, enabling the issuance of trade finance instruments,” the EBRD said in a statement, highlighting the bank’s role in supporting the resilience of the local financial sector.
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Muhammad Ali Bandial