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Foreign Assistance: U.S. Pograms Involving the Palestine Investment Fund
David Gootnick (au)
According to the State Department (State), the U.S. government is one of the largest donors to the Palestinian Authority; it provided about $3 billion in total bilateral assistance for FY 2008 through 2012. The Palestine Investment Fund (PIF) was established by Palestinian Authority presidential decree in 2002 and became operational in 2003 as an investment company aimed at strengthening the Palestinian economy through strategic investments. This report describes (1) the nature and scope of U.S. government involvement with PIF; and (2) the Overseas Private Investment Corporationńˇ╗s (OPICńˇ╗s) and U.S. Agency for International Developmentńˇ╗s (USAIDńˇ╗s) processes for vetting PIF and other non-U.S entities and individuals participating in programs involving PIF and PIF-owned entities. Table and figures. This is a print on demand report.
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