The Palestinian Economy and Future Prospects: Interview With Mohammad Mustafa, Head of the Palestine Investment Fund
[Article]
Dr. Mohammad Mustafa is chairman and CEO of the Palestine Investment Fund (PIF) and an economic adviser to Palestinian Authority President Mahmud Abbas. PIF, the leading investor in Palestine, is a publicly limited company fully owned by the people of Palestine. It was established in 2003 with the transfer of assets managed by the Palestinian Authority. Financially and administratively autonomous, it is governed by an independent board of directors and a general assembly representing civil society, nongovernmental organizations, academia, and the public and private sectors. In pursuit of its mandate-which is to strengthen the local economy through investments that foster sustainable economic development while maintaining and increasing existing national reserves-PIF owns direct majority and minority stakes in companies and follows a business model based on public-private partnerships. Currently, PIF has approximately