Peace Technology Fund
PEACE TECHNOLOGY FUND
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.