ConnectME helped to lead a marketing week for the Palestine Political Risk Insurance (PPRI) project. When launched, PPRI coverage will help Palestinian exporters mitigate trade disruption and political violence risks at commercial Crossing Points. Insuring against these risks, which are not covered by standard insurance policies, will help to stabilize trade, encourage investment, and boost job creation in primarily small- and medium-sized Palestinian companies. The program, which will be launched as a pilot, will assist in determining the feasibility of expanding the coverage in Palestine and the possibility of creating similar political risk insurance coverages in other conflict regions.
The marketing week marked the first time that project partners advertised the details of the pilot PPRI coverage. Project partners met with exporters in the Nablus and Hebron governorates to discuss the program and learn about current export conditions facing traders. Types of business met included metallic goods companies, furniture manufacturers, and dairy and agriculture companies.
ConnectME helped in preparing for and carrying out the meetings with exporters. ConnectME has long been involved with the PPRI project and has played a critical role in its development, including leading a market survey in 2009 and regularly advising project partners. PPRI is led by the Middle East Investment Initiative, a U.S. non-profit; the National Insurance Company Ltd., a Palestinian insurance company; and the Overseas Private Investment Corporation, the U.S. government’s development finance institution. The Center for American Progress, a progressive think tank led by former White House Chief of Staff John Podesta, and the Clinton Global Initiative, a global arm of the Clinton Foundation, have also played significant roles in the project’s development.