2011-11-10T11:22:52-06:00 2010-12-31 RAFFA PC 1899 L STREET NW SUITE 900 WASHINGTON DC 20036 990 2010-01-01 020760094 MIDDLE EAST INVESTMENT INITIATIVE INC MIDD 7037994300 500 8TH STREET NW WASHINGTON DC 20004 JAMES PICKUP 7037994300 2011-11-10 1 FRANK H SMITH 2028225000 2011-11-10 2010 2016-02-24 21:20:13Z BERL BERNHARD 500 8TH STREET NW WASHINGTON DC 20004 1303172 0 X WWW.MEIINITIATIVE.ORG X 2005 DC MEII WAS FORMED TO HELP REVITALIZE ECONOMIES IN THE MIDDLE EAST. 12 11 0 0 0 0 1174105 1267860 0 35312 25529 0 0 0 1199634 1303172 0 0 0 0 97731 198000 9875 0 42096 594170 977758 701776 1175758 497858 127414 2381116 2451770 151756 94996 2229360 2356774 X THE MIDDLE EAST INVESTMENT INITIATIVE (MEII) PARTNERS WITH PUBLIC AND PRIVATE ORGANIZATIONS IN THE MIDDLE EAST AND NORTH AFRICA (MENA) TO DEVELOP FINANCIAL TOOLS, MAKE CREDIT MORE AVAILABLE AND BUILD LOCAL BUSINESSES. REGIONAL INSTABILITY AND POLITICAL TURMOIL HAVE HAMPERED ECONOMIES AND SOCIETIES THROUGHOUT THE MENA REGION, PARTICULARLY IN THE PALESTINIAN TERRITORIES. BECAUSE A SOUND ECONOMIC BASE AND INCREASED JOB CREATION ARE CLEAR PATHS TO SOCIAL AND POLITICAL STABILITY, MEII HAS LED EFFORTS TO ESTABLISH A LOAN GUARANTEE PROGRAM IN THE WEST BANK AND GAZA; IS WORKING TO CREATE EFFECTIVE AND SUSTAINABLE RISK INSURANCE TO ADDRESS MOVEMENT OF PRODUCTS FOR PALESTINIAN BUSINESSES; AND MEII AND ITS PARTNERS HAVE DEVELOPED THE FIRST AFFORDABLE HOME MORTGAGE FACILITY FOR PALESTINIAN WORKING CLASS FAMILIES. 0 0 1051294 35312 IN THE MIDDLE EAST AND THROUGHOUT THE WORLD, STRONG FINANCIAL INSTITUTIONS ARE CRITICAL TO ECONOMIC DEVELOPMENT AND THE REDUCTION OF POVERTY. BY FACILITATING TRANSACTIONS AND MAKING CREDIT AND OTHER FINANCIAL PRODUCTS AVAILABLE, THE FINANCIAL SECTOR PLAYS AN IMPORTANT ROLE IN REDUCING ECONOMIC RISK, GENERATING EMPLOYMENT, AND IMPROVING THE ABILITY OF INDIVIDUALS AND FAMILIES TO SECURE HOUSING, ACCESS HEALTHCARE AND EDUCATE THEIR CHILDREN. FROM ITS INCEPTION, MEII HAS PLAYED AN IMPORTANT ROLE IN IMPROVING THE PALESTINIAN FINANCIAL SECTOR, FACILITATING ECONOMIC GROWTH AND LAYING THE GROUNDWORK FOR A SUSTAINABLE PEACE IN THE REGION. SMALL AND MEDIUM SIZED ENTERPRISES (SMES) ARE THE LIFE BLOOD OF THE PALESTINIAN ECONOMY. THEY COMPRISE 90% OF THE REGION'S BUSINESS UNITS, ARE RESPONSIBLE FOR OVER 55% OF ALL PRODUCTIVE OUTPUT, AND EMPLOY MORE THAN 80% OF PRIVATE SECTOR LABOR. IN SPITE OF THEIR OVERALL IMPORTANCE, HOWEVER, THESE BUSINESSES ARE SERIOUSLY HANDICAPPED BY THEIR LIMITED ACCESS TO COMMERCIAL CREDIT. AMONG THE MANY SEVERE POLITICAL AND ECONOMIC CIRCUMSTANCES THAT PALESTINIAN SMES FACE, LACK OF ACCESS TO CREDIT IS MOST CHALLENGING. IN ORDER TO ADDRESS THIS IMBALANCE, MEII LAUNCHED A LOAN GUARANTEE FACILITY (LGF) IN 2007, WHICH WILL STIMULATE MORE THAN $228 MILLION IN PROPERLY STRUCTURED CREDIT TO ELIGIBLE PALESTINIAN SMES. MORE IMPORTANTLY, LGF IS PREPARING THE PALESTINIAN BANKING SYSTEM TO MEET THE ON-GOING CREDIT NEEDS OF ALL BANKABLE SMES ON A SUSTAINABLE BASIS AND WITHOUT DONOR FINANCED INTERVENTION. TO DATE, MEII HAS APPROVED OVER $76 MILLION IN LOAN GUARANTEES IN THE WEST BANK, GENERATING OVER 1,500 DOCUMENTED DIRECT JOBS AND 1,900 INDIRECT JOBS. IN ADDITION TO THE LGF, MEII IS ALSO ADDRESSING THE NEED FOR AFFORDABLE HOUSING. AT PRESENT, THERE IS NO MORTGAGE MARKET AVAILABLE FOR MOST PALESTINIANS AND NO STANDARDIZED UNDERWRITING METHODS AT BANKS FOR ISSUING MORTGAGES. MEII IS WORKING WITH A COALITION OF ORGANIZATIONS, INCLUDING THE U.S. OVERSEAS PRIVATE INVESTMENT CORPORATION (OPIC), THE INTERNATIONAL FINANCE CORPORATION (IFC), THE PALESTINE INVESTMENT FUND (PIF), UN-HABITAT AND LEADING PALESTINIAN BANKS, TO DEVELOP A HALF-BILLION DOLLAR MORTGAGE FINANCE FACILITY (CALLED AMAL, OR "HOPE" IN ARABIC), WHICH WILL ENABLE TENS OF THOUSANDS OF MODERATE-INCOME FAMILIES TO FINANCE THE PURCHASE OF THEIR HOMES, GENERATE SIGNIFICANT ECONOMIC ACTIVITY, AND COMPLEMENT OTHER DEVELOPMENT PROGRAMS.FINALLY, MEII IS WORKING WITH THE CENTER FOR AMERICAN PROGRESS AND THE NATIONAL INSURANCE COMPANY, A LOCAL PALESTINIAN FIRM, TO CREATE A NEW FORM OF RISK INSURANCE. WHEN LAUNCHED, THIS PRODUCT WILL PROTECT PALESTINIAN BUSINESSES AGAINST LOSSES RESULTING FROM TRADE DISRUPTION AND POLITICAL VIOLENCE. 1051294 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 X JENNIFER JONES 7037994300 500 8TH STREET NW WASHINGTON DC 20004 BERL BERNHARD 2.00 X X 0 0 0 HENRY E CATTO 2.00 X X 0 0 0 WILLIAM E MAYER 2.00 X X 0 0 0 MADELEINE K ALBRIGHT 2.00 X 0 0 0 ZIAD ASALI 1.00 X 0 0 0 NAFEZ HUSSEINI 2.00 X 0 0 0 ANN KOROLOGOS 2.00 X 0 0 0 ELIZABETH A LIECHTY 5.00 X 0 0 0 RANDA MASRI 2.00 X 0 0 0 THOMAS R PICKERING 2.00 X 0 0 0 GEORGE SALEM 2.00 X 0 0 0 JAMES PICKUP 20.00 X X 167962 0 0 167962 0 0 1 0 1 0 CHF INTERNATIONAL 8601 GEORGIA AVENUE SUITE 800 SILVER SPRING MD 20910 PROGRAM SERVICES ADMIN. OF LOAN PROG. 786200 1 1162860 105000 1267860 LOAN GUARANTEE FEES 900099 35312 35312 35312 1303172 35312 0 0 167962 167962 11769 11769 18269 18269 786200 786200 25619 25619 122804 44095 42319 36390 21 21 4486 1091 3395 28725 21908 1111 5706 9903 9903 1175758 1051294 82368 42096 2240564 2124010 2629 153938 137923 173822 2381116 2451770 24022 27246 127734 67750 151756 94996 X 379017 519364 1850343 1837410 2229360 2356774 2381116 2451770 127414 0 X 0 1 1 X 0 X 3045901 1006852 1174105 1267860 6494718 3045901 1006852 1174105 1267860 6494718 6494718 26932 37153 25529 89614 6584332 35312 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO FISCAL AGENT 67750 67750 1303172 1175758 127414 0 127414 2193551 890379 890379 1303172 0 1303172 2066137 890379 890379 1175758 0 1175758 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: MEII PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2010, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY AFFECT ON ITS TAX-EXEMPT STATUS. MIDDLE EAST AND NORTH AFRICA AGENTS FOR CONDUCTING ANY OF THE ABOVE PAYMENTS TO CHF IN US TO RUN PROGRAM IN PALESTINE 768200 0 0 0 768200 0 768200 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 JAMES PICKUP 167962 0 0 0 0 0 0 0 0 0 167962 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY MEII'S OUTSIDE ACCOUNTANT. ONCE PREPARED, THE FORM 990 IS REVIEWED BY THE SENIOR FINANCIAL STAFF, PRESIDENT AND AUDIT COMMITTEE CHAIR. THE FORM 990 IS THEN PRESENTED TO THE FULL BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH OFFICER AND MEMBER OF THE BOARD OF DIRECTORS HAS SIGNED A CONFLICT OF INTEREST POLICY, WHICH IS REGULARLY MONITORED BY THE BOARD AND ITS AUDIT COMMITTEE. IF THE BOARD OR THE MEMBERS OF THE GOVERNING COMMITTEE OF THE BOARD HAS REASON TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY ACTION AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 MEII MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART V, LINE 2A: MEII DOES NOT DIRECTLY HIRE OR COMPENSATE EMPLOYEES. ALL EMPLOYEES ARE EMPLOYEES OF THE ASPEN INSTITUTE, AN ORGANIZATION EXEMPT UNDER SECTION 501(C)(3), THE FISCAL AGENT FOR MEII. THE COST OF SALARIES AND BENEFITS ARE FULLY REIMBURSED TO THE ASPEN INSTITUTE BY MEII. AMALMEII PARTNERS LLC 500 8TH STREET NW WASHINGTON DC 20004 271755166 INVESTING IN MIDDLE EAST AFFORDABLE HOUSING DC N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0