PM, economy minister discuss projects with president of the European Bank for Reconstruction and Development

Prime Minister Mohammad Shtayyeh and Minister of National Economy Khaled Osaili today discussed in separate meetings with the president of the European Bank for Reconstruction and Development Odile Renaud-Basso ways to support development projects and investments in the field of solar energy and infrastructure. The Prime Minister stressed in the meeting held at his office in Ramallah the importance of the European Bank providing reduced interest on loans for development projects in order to encourage investment and advance the national economy. “Despite the decline in foreign aid for the government and the continued illegal Israeli deductions from our funds, the Palestinian economy recovered and achieved growth, especially after the Corona pandemic, and in addition to that, the banking and financial system in Palestine is stable and strong,” said the Prime Minister. The European official also met separately with the Economy Minister Osaili at his Ramallah office during which they discussed support for development projects as well as areas of cooperation related to improving the business environment and the legal environment governing the Palestinian economy, in addition to supporting the Ministry’s vision in the transition towards a green and digital economy and relying on clean energy. “We look forward to the Bank’s implementation of more development projects that contribute to the development of the Palestinian economy and create job opportunities for young people, especially in the fields of renewable energy, information technology and startups,” said Osaili. Renaud-Basso stressed the Bank’s interest in strengthening areas of cooperation, in line with the Palestinian government’s work strategy, especially in the fields of renewable energy, and increasing access to finance for small, medium and micro enterprises.

Source: Palestine News & Information Agency