{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Palestinian government issues first bonds' data-url='/boclips/videos/5c54bf1fd8eafeecae140bbb' data-video-url='/boclips/videos/5c54bf1fd8eafeecae140bbb' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nPalestinian government issues first bonds\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Wide exterior of Arab Bank2. Close up of Arab Bank sign 3. Pull out of man counting money 4. Wide exterior of Palestinian Investment Bank 5. Palestinian Prime minister Salam Fayyad and officials at PADICO (Palestinian Development and...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Wide exterior of Arab Bank\u003cbr/\u003e2. Close up of Arab Bank sign \u003cbr/\u003e3. Pull out of man counting money \u003cbr/\u003e4. Wide exterior of Palestinian Investment Bank \u003cbr/\u003e5. Palestinian Prime minister Salam Fayyad and officials at PADICO (Palestinian Development and Investment Co) HOLDING conference \u003cbr/\u003e6. Various of the conference and delegates\u003cbr/\u003e7. Mid of economist Mazen Sunokrot\u003cbr/\u003e8. SOUNDBITE: (English) Mazen Sunokrot, economist: \u003cbr/\u003e\"I think this shows the determination of the private sector to prove that they are contributing heavily to the State building of Palestine. This is the first economical initiative in Palestine, having these corporate bonds.\"\u003cbr/\u003e9. Mid of sign of the conference reading: (Arabic/English) \"PADICO HOLDING's issuance of the First Corporate Bonds in Palestine \u003cbr/\u003e10. SOUNDBITE (English) Samir Hulileh, PADICO Chief Executive:\u003cbr/\u003e\"These bonds are for five years with an interest that is attractive for banks, it's five percent per dollar, five percent fixed for two and a half years and floating after that for 30 months ranging between 5 to 6.5 percent. So this interest was attractive for the banks, this interest is acceptable for us as investors and the most important component in the whole thing is that in Palestine we don't have long term or medium term loans. We cannot really. Banks provide commercial loans from one to five years and they'd like the principal to be paid back immediately next year and the year after. This does not allow our projects to mature and to bring more revenues.\"  \u003cbr/\u003e11. Close up of sign reading: (Arabic) \"Finance Ministry\"\u003cbr/\u003e12. Exterior of Finance Ministry \u003cbr/\u003e13. Close up of sign reading: (English) \"Palestine Exchange\"\u003cbr/\u003e14. Various of streets and traffic in central Ramallah \u003cbr/\u003ePalestinians issued their first bonds on Tuesday, a new milestone in their effort to build the trappings of an independent state.\u003cbr/\u003eThe 70 (m) million US dollars in five-year corporate bonds was issued by the biggest company in the Palestinian territories, the Palestinian Development and Investment Co. (PADICO) which has investments in real estate, energy, pharmaceuticals, electronics, communications and tourism.\u003cbr/\u003e\"I think this shows the determination of the private sector to prove that they are contributing heavily to the State building of Palestine,\" said economist Mazen Sunokrot about the move. \u003cbr/\u003ePADICO's chief executive, Samir Hulileh, said the bonds would help to finance a 300 (m) million US dollar power plant and an entertainment and tourism centre in the West Bank. \u003cbr/\u003ePalestinian and Jordanian banks bought the bonds, he said.\u003cbr/\u003e\"These bonds are for five years with an interest that is attractive for banks, it's five percent per dollar, five percent fixed for two and a half years and floating after that for thirty months ranging from 5-6.5 percent,\" Hulileh said.  \u003cbr/\u003eSalam Fayyad, the prime minister of the Palestinian Authority that controls the West Bank, said his government was encouraging the private sector to float bonds and\u003cbr/\u003eplanned to issue its own bonds at an unspecified date.\u003cbr/\u003eFayyad, a US-educated economist added that the government had dramatically reduced its reliance on foreign aid to a planned 970 (m) million US dollars this year from 1.8 (b) billion US dollars in 2008.\u003cbr/\u003eIn late 2009, Fayyad said he planned to lay the foundations of a state within two years.\u003cbr/\u003eLast month, the UN praised the Palestinian Authority's progress on building institutions required for a future state, such as governance, rule of law, human rights,\u003cbr/\u003eeducation and social services. \u003cbr/\u003eBut stalled peace talks with Israel and the presence of a rival government in the Hamas-ruled Gaza Strip have complicated the state-building effort.\u003cbr/\u003eLast week, the two major Palestinian factions signed an agreement meant to end the four-year rift between the West Bank and Gaza.\u003cbr/\u003eAnd the Palestinians are hoping to sidestep the 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