We have thrown so much money down so many "rat holes" , so how can this be news?
some other opic / Palestinian news
BETHLEHEM, WEST BANK - Palestinian President Mahmoud Abbas today launched a landmark $500 million mortgage finance program
the Overseas Private Investment Corporation (OPIC), a U.S. government agency whose mission is to facilitate US private sector investment in less-developed countries, which will provide $241 million; and the International Finance Corporation (IFC), a member of the World Bank Group, which will provide $72 million.
http://www.opic.gov/news/press-releases/2009/pr060210
not to be outdone they gave more..
mortgage corp II
Fiscal Year: 2009
Region/Country: Africa and the Middle East / West Bank and Gaza
U.S. Sponsor: Cooperative Housing Foundation
Type: Finance
Descripiton: Develop Low-Middle Income Housing Finance Program
Amount: $99,490,000
http://www.opic.gov/node/2311
and more...
Fiscal Year: 2009
Region/Country: Africa and the Middle East / West Bank and Gaza
U.S. Sponsor: Cooperative Housing Foundation
Type: Finance
Descripiton: Develop Low-Middle Income Housing Finance Program
Amount: $59,690,000
http://www.opic.gov/node/2310
Total Fund Capitalization: $80.0 million
During his speech in Cairo on June 4, 2009, President
Obama announced that the United States would “launch
a new fund to support technological development in
Muslim-majority countries.”In delivering on this
commitment, OPIC announced
The Fund will have a significant developmental impact on the Palestinian Territories. The Fund will stimulate the Palestinian Territories’ economy by investing more than 80% of the Fund’s total capitalization in start-ups
and the expansion of SMEs operating in technology oriented sectors. Finally, the Fund anticipates exiting some portfolio companies through initial public offerings (“IPOs”), which will deepen the Palestinian Territories’ capital market
http://www.opic.gov/sites/default/files/docs/siraj_palestine_fund_i.pdf
not satisfied with the rest... they threw more money at the Palestinian mortgage market
Region/Country: Africa and the Middle East / West Bank and Gaza
U.S. Sponsor: Middle East Investment Initiative
Type: Finance
Descripiton: Expand SME Lending Portfolio
Amount: $8,250,000
so next time a neighbor talks about losing their home, let them know that we have plenty of loans available in Gaza..
results
OPIC Board Approves $455 Million for Five Investment Funds Targeting Middle East & North Africa
... has a target capitalization of $500 million. Siraj Palestine Fund I The OPIC Board approved up to $30 million in financing to ...
Press Release - harwood - 2010-06-25 08:20
OPIC Signs Agreement to Support Growth of Palestinian School
... (All day) BETHLEHEM, Palestine – Robert Mosbacher, Jr., President and CEO of the Overseas ... is pleased to support the ongoing development of Palestine’s human capital.” Joyce Ajlouny, director of the ...
Press Release - omni-content - 2009-05-31 09:45
OPIC Signs Agreement to Provide Political Risk Insurance to Palestinian Businesses
... (All day) BETHLEHEM, Palestine – Robert Mosbacher, Jr., President and CEO of the Overseas ... "After 15 years of leading the insurance market in Palestine; and by joining this partnership with MEII and OPIC, NIC is pleased ...
and if all that is not enough to get your blood boiling,
then this surely would get blood shooting out your eyes.
http://www.opic.gov/news/newsletter