The World Bank Group and the PMA Design a New Credit Guarantee Facility for the Private Sector in Gaza

In early April the World Bank Group and the PMA held a joint workshop to discuss the design of a new credit guarantee facility (CGF) for the private sector in the Gaza Strip, in an effort to assist the reconstruction after the Israeli war of last summer. The new facility will place small- and medium-size firms in a better position to negotiate loan restructuring and new loans with the financial institutions as well as contributing to the stabilization of the banking system. In specific, the CGF will make lending easier for companies which have lost their collateral and thus face difficulties accessing financial resources.

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