The World Bank Board
of Governors authorized the transfer of US$55 million to replenish the Trust
Fund for Gaza and West Bank from which the World Bank has, since 1993, provided
assistance amounting to US$970 million.
The World Bank has
helped strengthen institutions of a future state while also helping build an
economy that can create the jobs and opportunities needed by citizens.
Forthcoming grants will continue to support investment in municipal services,
water and sanitation, energy, as well as social protection, health and
education.
“In the highly
unpredictable operating environment, institution strengthening to build the
foundation of a strong Palestinian administration and to improve service
delivery has been central to the Bank's program,” said Steen Lau Steen Lau
Jorgensen, World Bank Country Director. “In parallel, the Bank emphasizes
private sector development as the key driver for economic and employment
opportunities.”
Development assistance will balance short-term stabilization and
reconstruction activities with operations and analysis that promote sustainable
growth. The World Bank will maintain dialogue with the Palestinian authority
and donors to develop longer-term opportunities to unleash the Palestinian entrepreneurial
spirit, engine for growth with social justice.
Citation from THE WORLD BANK : http://goo.gl/TtmeuD
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