Palestine Gets $50 Mln WB Grant to Support Reforms & Services

The World Bank has approved a $40 million grant to support reforms made by the Palestinian Authority (PA) that will help improve services delivered to Palestinians in the occupied territories.
The Palestinians have already received from the WB three similar developpment grants totaling $120 million. This latest aid focuses on improving transparency & accountability and ensuring efficient use of public finances.
The World Bank is managing a multi-donor trust fund which supports the Palestinian reform agenda and has given more than $700 million in aid since April 2008 to the PA.
The WB also approved $8 million grant for the Gaza Electricity Network Rehabilitation Project to assist the Palestinian Energy and Natural Resource Authority to rehabilitate and expand the electricity networks in Gaza.

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Posted by on Mar 7 2012. Filed under Finance, Headlines. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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