Siraj Palestine Fund II (West Bank) (BNDES-SIRAJPALESTINEFUND)

Countries
  • Palestine, West Bank, Gaza
Where the impacts of the investment may be experienced.
Financial Institutions
  • Brazil National Development Bank (BNDES)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Siraj Palestine Fund II
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 90.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ BNDES website

Updated in EWS Aug 13, 2019

Disclosed by Bank Oct 17, 2018


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Project Description

According to the Agency's document, this project provides financing to the Siraj Palestine Fund II in order to make growth equity investments, primarily in small and medium-sized enterprises, in the Palestinian territories. The fund will invest in 12 to 15 businesses in vital sectors of the local economy, such as healthcare, financial services, agriculture and infrastructure.

Investment Description
  • Brazil National Development Bank (BNDES)
Private Actors

Siraj Palestine Fund II, Ltd. is an exempted company incorporated under the laws of the Cayman Islands.