Private Sector Development in Conflict Regions : Viable Support Options in the West Bank and Gaza

Private Sector Development in Conflict Regions : Viable Support Options in the West Bank and Gaza

As a result of the extensive security restrictions, growth in the West Bank and Gaza in the past has become dependent on aid contributions through the Palestinian Authority (PA). However, sustainable and inclusive growth requires a strong private sector capable of absorbing a growing labor force. Consequently, the World Bank in partnership with the UK's Department for International Development (DFID) developed the Palestinian Facility for New Market Development (FNMD). This matching grant scheme was designed to reduce the risk of investing in the highly uncertain environment and encourage enterprises to upgrade their capabilities, develop new products and enter new markets. This Quick Note provides an overview of the design and outcomes of FNMD and highlights the lessons learned in implementing the project. Lessons learned from this initiative underline that there are viable private sector options, even in fragile environments such as Gaza.

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Bibliographic Details
Main Authors: Nasir, John, Al-Muthaffar, Ranan, Kacem, Rimal
Language:English
Published: World Bank, Washington, DC 2012-01
Subjects:BUSINESS DEVELOPMENT, BUSINESS ENVIRONMENT, BUSINESS PLANS, BUSINESS PROCESSES, BUSINESS SERVICE, BUSINESS SERVICE PROVIDERS, BUSINESS SERVICES, BUSINESS TO BUSINESS, CAPABILITIES, CAPITAL INVESTMENTS, COMPETITORS, EMPLOYMENT, ENTREPRENEURS, EXPENDITURES, EXPORT MARKETS, FINANCIAL SUPPORT, FIRMS, IMPLEMENTING AGENCY, INTERNATIONAL MARKETS, LOCAL ENTERPRISES, MANUFACTURING, MARKET DEVELOPMENT, MARKET FAILURE, MARKET INFORMATION, MARKET PENETRATION, MARKET RESEARCH, MARKETING, MATCHING GRANTS, NEW MARKET, NEW MARKETS, NEW PRODUCT DEVELOPMENT, PARTY, PRIVATE SECTOR, PRIVATE SECTOR DEVELOPMENT, PRODUCT DESIGN, RESULT, RESULTS, RETURN ON INVESTMENT, SALES, SEARCHABLE DATABASE, SUPERVISION, TECHNICAL ASSISTANCE, TIME FRAME, VIDEO,
Online Access:http://documents.worldbank.org/curated/en/2012/01/15633811/private-sector-development-conflict-regions-viable-support-options-west-bank-gaza
https://hdl.handle.net/10986/10850
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Summary:As a result of the extensive security restrictions, growth in the West Bank and Gaza in the past has become dependent on aid contributions through the Palestinian Authority (PA). However, sustainable and inclusive growth requires a strong private sector capable of absorbing a growing labor force. Consequently, the World Bank in partnership with the UK's Department for International Development (DFID) developed the Palestinian Facility for New Market Development (FNMD). This matching grant scheme was designed to reduce the risk of investing in the highly uncertain environment and encourage enterprises to upgrade their capabilities, develop new products and enter new markets. This Quick Note provides an overview of the design and outcomes of FNMD and highlights the lessons learned in implementing the project. Lessons learned from this initiative underline that there are viable private sector options, even in fragile environments such as Gaza.

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