The EU External Investment Plan (EIP) has been launched by the European Union and Palestine to pave the way to a better business environment and foster economic development. The EIP will encourage investments promoting an inclusive growth, job creation and sustainable development and to tackle some of Palestine internal constraint via an enhanced policy dialogue on business climate issues.
The EU External Investment Plan will build on three pillars: The new European Fund for Sustainable Development, Technical assistance and Additional assistance
Director General for Enlargement Negotiations and European Neighbourhood Policy, Christian Danielsson said, “The European External Investment Plan will help leverage significant private funds into key sectors of Palestine’s economy. The plan will in turn empower local entrepreneurs and create decent jobs in the country. This new and innovative approach will also help deliver sustainable development projects, which otherwise would not have been possible at all or would have been significantly smaller.”
The indicative allocation for West Bank and Gaza for the period 2014-2020 amounts to € 1,8 billion – € 2,2 billion under the European Neighbourhood Instrument, complemented by funds from ECHO (humanitarian aid) and thematic /regional budget lines.