Palestine—Innovative Private Sector Development Project (IPSDP)

Client: World Bank

Duration: 2019-2023

Region: Middle East and North Africa

Country: Palestine

Solutions: Economic Growth

The Innovative Private Sector Development Project (IPSDP) develops entrepreneurship and expands economic opportunity in the Palestinian Territories. IPSDP falls under the World Bank’s overarching objective to alleviate market failures related to gaps and binding constraints in Palestine’s digital entrepreneurship ecosystem—including those related to human capital, financing, product markets, enabling policies, institutional support, and connectivity.

The project team works closely with the Ministry of National Economy.

ramallah.jpgRamallah from on high. Photo courtesy: Flickr.

Sample Activities

  • Improve market linkages to Arab communities in regional entrepreneurship ecosystems.
  • Develop a dynamic startup finance ecosystem, with a focus on organized angel investing.
  • Develop an outsourcing hub in Gaza.
  • Implement an upgraded company registry in the Ministry of National Economy.
  • Develop a regulatory framework for home-based businesses that will remove barriers to entry for such enterprises.
  • Work with Gaza Gateway to develop an IT services hub able to provide industry-ready IT professionals to the Palestinian market.
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