Middle East Progress works to strengthen and develop actors invested in achieving stable and sustainable political outcomes throughout the Middle East. We do so, in part, through practical innovative economic private-public partnerships.
We seek out individuals, organizations and activities whose efforts we can bolster through our communications, regional, political and/or convening leveraging abilities. We sometimes have a leading role; at other times, we help bolster existing capacity. We encourage others to join us with these efforts, and stand ready to expand our efforts to include similarly worthy projects. To date, our efforts include working with:
Palestinian Political Risk Insurance (PPRI), which was led by Middle East Progress (MEP), focuses on developing a political risk insurance product to meet the needs of the Palestinian business community, encourage investment and sustain and create jobs. The idea was born on the plenary stage at the first annual meeting of the Clinton Global Initiative (CGI) in September 2005, and taken to the next level at the 2007 CGI Annual Meeting. On May 22, 2008, an agreement was signed at the Palestine Investment Conference in Bethlehem, helping the PPRI to establish a facility funded by public and private capital that will include the Overseas Private Investment Corporation (OPIC) and the Middle East Investment Initiative (MEII). PPRI will provide affordable political risk insurance covering trade asset damage resulting from political violence.
MEII is engaged in three programs designed to support the Palestinian economy. Along with its partners, OPIC, the Palestinian Investment Fund (PIF), and CHF International, MEII currently operates a $228 million loan guarantee program for small and medium-sized businesses in the Palestinian territories. MEII also is working to create an affordable mortgage program intended to help Palestinian families finance the purchase of a home, in addition to helping to provide political risk insurance designed to facilitate exports from Palestinian businesses.
The Aspen Institute’s Middle East Strategy Group (MESG) supports pragmatic economic initiatives that advance prospects for peace. The group includes prominent American, Israeli, and Palestinian leaders in the public and private sectors united by a common vision of a two-state solution to the conflict – prosperous, secure, and democratic Israeli and Palestinian states living side by side in peace – and the desire to help develop programs and policies that create momentum toward realizing that vision.
U.S. Palestinian Partnership (UPP) launched by Secretary of State Condoleezza Rice and led by