Municipal Development and Lending Fund (MDLF)

Overview

The Municipal Development and Lending Fund (MDLF) was created by the Council of Ministers Decree No. 32/36/09 dated October 20, 2005 as an autonomous juridical entity to accelerate Palestine’s drive toward self-sustained, decentralized, prosperous, and creditworthy local government.

The main objective of the Fund is to encourage the flow of financial resources from the Palestinian Authority and various donors to the Palestinian local government units LGUs and other local public entities to improve the delivery of local infrastructure and municipal services, to promote economic development, and improve municipal efficiency and accountability.

To serve these objectives, the Fund is mandated to provide municipalities, village councils, local councils, joint services councils, municipally controlled institutions, and local government units with improved financial products and services, and access to capital markets.


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NO Comment 5th December 2021

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