Peace Technology Fund

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A joint capital fund established in January 1998 as a partnership between the International Finance Corporation (an associated institution of the World Bank) and private Israeli, Palestinian, and international investors. The Peace Technology Fund (PTF) was initially capitalized at $65 million. Its purpose was to stimulate cooperation between Israeli and Palestinian investors, and to encourage through investment the creation of labor-intensive industries in the West Bank and Gaza Strip, thus helping to strengthen the Palestinian economy. The fund is frozen due to the al-Aqsa Intifada that began in September 2000.

SEE ALSO Gaza Strip;Intifada, al-Aqsa;West Bank.