Presentation on theme: "Lessons in Economic Development from Israel and Palestine David Freud Director, The Portland Trust TBN, 15 May 2009."— Presentation transcript:
Lessons in Economic Development from Israel and Palestine David Freud Director, The Portland Trust TBN, 15 May 2009
The Portland Trust Aim to promote peace and stability between Israelis and Palestinians through economic development. Founded in 2003 by Sir Ronald Cohen and Sir Harry Solomon. We are a private not-for-profit British foundation. Offices in London, Ramallah and Tel Aviv.
Loan Guarantees Israel $1/2m Guarantee in Galilee To close market failure gap Default Rate only 1% Palestine US: $10m capital from OPIC supports $160m of guarantees Europe: €38m from EC and EIB supports €38m of guarantees
Tackling Exclusion Israel Tsofen: Internal offshoring; Centre in Nazareth to employ Arab high-tech Keren Orr: Venture Capital in poorer communities (cf Bridges in UK) Palestine Microfinance: Bottom up Business training: Budding Entrepreneurs Export Support: Business Leg-up (you don’t know what you don’t know)
AFFORDABLE HOUSING PROGRAMME 15,000 affordable housing units by 2013 $1bn investment programme $150 million from donors to fund infrastructure and public facilities LEVERAGING IN –$100 million for value of land –$100 million – 10% deposits by home owners –$650 million – 15 year fixed mortgages