[Maan News-PA] In Ramallah Thursday, Palestinian and U.S. officials launched the Middle East Investment Initiative, an American-Palestinian public-private partnership between the American Overseas Private Investment Corporation, the Palestine Investment Fund, and the Aspen Institute. The initiative was approved by President Bush to generate $228 million in loans to small and medium-sized Palestinian businesses. The Norwegian government is providing $5 million for operating costs for the Fund and the Aspen Institute has raised funds from American, European, and Arab donors to operate and manage the initiative.
2007-07-27 01:00:00Full ArticleBACK Visit the Daily Alert Archive