WB: An Additional $18.5 Million for Improving Palestinian Infrastructure Services

Norway and Sweden contributed an additional total amount of $18.5 million to the Palestinian Partnership for Infrastructure Development Multi-Donor Trust Fund (PID fund) administered by the World Bank.

The funds contributed by the Swedish International Development Cooperation Agency (Sida) amount to SEK 90 million, equivalent to $10 million, while Norway’s Ministry of Foreign Affairs contributed NOK 73 million ($ 8.5 million). The funds will support the Palestinian Authority implementing sector reforms and improving the quality and sustainability of infrastructure in water, energy and local government services provided to the Palestinian citizens.

The PID Fund was established in 2012 with the objective of improving the coverage, quality, and sustainability of infrastructure in the Palestinian territories through financial and technical support in the energy, water and urban development sectors.

With the new contributions, the total amount allocated to the PID fund stands at about $ 186.4 million. Currently, donors contributing to the fund include the governments of Croatia, Denmark, Finland, France, Netherlands, Norway, Portugal, Sweden, and United Kingdom.

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Posted by on Dec 20 2018. Filed under Headlines, World News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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