{"id":192951,"date":"2010-05-24T00:00:00","date_gmt":"2019-03-12T16:30:51","guid":{"rendered":"https:\/\/www.un.org\/unispal\/?p=192951"},"modified":"2019-03-12T16:30:51","modified_gmt":"2019-03-12T16:30:51","slug":"auto-insert-192951","status":"publish","type":"document","link":"https:\/\/www.un.org\/unispal\/document\/auto-insert-192951\/","title":{"rendered":"World Bank supports PA budget needs &#8211; World Bank &#8211; Press Release"},"content":{"rendered":"<div>\n<div style=\"margin-left:20px;\">\n<hr height=\"7px\" \/>\n\t\t\t\t<\/div>\n<div style=\"color:#000000;text-align:right;font-size:8pt;font-family:Verdana, san-serif;margin-left:20px;\">\n\t\t\t\t<strong>Press Release No:<\/strong>&nbsp;2010\/436\/MENA\n\t\t\t\t<\/div>\n<div style=\"color:#0041c2;text-align:center;font-size:11pt;font-family:Verdana, san-serif;margin-left:20px;\">\n\t\t\t\t<strong><br \/>\n<\/strong>\n\t\t\t\t<\/div>\n<div style=\"color:#000000;text-align:center;font-size:11pt;font-family:Verdana, san-serif;margin-left:20px;\">\n\t\t\t\t<strong>World Bank Transfers US$91 Million to Palestinian Authority to Support Budget Needs<\/strong>\n\t\t\t\t<\/div>\n<div style=\"color:#000000;text-align:left;font-size:8pt;font-family:Verdana, san-serif;margin-left:20px;\">\n\t\t\t\tJerusalem, May 24, 2010&nbsp;&#8211;<strong>&nbsp;<\/strong>The World Bank today transferred an additional US$91 million to the Palestinian Authority (PA). These resources will help support the urgent budget needs of the PA, providing, <i>inter alia,<\/i>&nbsp;support for education, health care and other vital social services for the Palestinian people and for the economic reforms currently underway.\n\t\t\t\t<\/div>\n<div style=\"color:#000000;text-align:left;font-size:8pt;font-family:Verdana, san-serif;margin-left:20px;\">\n\t\t\t\t<strong>&nbsp;<\/strong>\n\t\t\t\t<\/div>\n<div style=\"color:#000000;text-align:left;font-size:8pt;font-family:Verdana, san-serif;margin-left:20px;\">\n\t\t\t\tThis latest contribution, generously donated by the governments of Kuwait and the United Kingdom, represents the twelfth tranche disbursed from the Palestinian Reform and Development Plan Trust Fund (PRDP-TF), a multi-donor budget support mechanism administered by the World Bank. With contributions from Kuwait and the United Kingdom, total transfers to the Palestinian Reform and Development Plan Trust Fund (PRDP-TF) and successively to the PA, have reached US$499 million.\n\t\t\t\t<\/div>\n<div style=\"color:#000000;text-align:left;font-size:8pt;font-family:Verdana, san-serif;margin-left:20px;\">\n\t\t\t\t&nbsp;\n\t\t\t\t<\/div>\n<div style=\"color:#000000;text-align:left;font-size:8pt;font-family:Verdana, san-serif;margin-left:20px;\">\n\t\t\t\tThe twelfth tranche was released following the steady progress made by the PA during the first quarter of 2010 in implementing budgetary and fiscal reforms, increasing government transparency and accountability.\n\t\t\t\t<\/div>\n<div style=\"color:#000000;text-align:left;font-size:8pt;font-family:Verdana, san-serif;margin-left:20px;\">\n\t\t\t\t&nbsp;\n\t\t\t\t<\/div>\n<div style=\"color:#000000;text-align:left;font-size:8pt;font-family:Verdana, san-serif;margin-left:20px;\">\n\t\t\t\t&#8220;This contribution is also supporting the PA to establish solid institutions to deliver government services and foster economic growth to instill confidence among the Palestinian people and international partners&#8221;, said Ms. Mariam Sherman,&nbsp;Country Director for the West Bank and Gaza.\n\t\t\t\t<\/div>\n<div style=\"color:#000000;text-align:left;font-size:8pt;font-family:Verdana, san-serif;margin-left:20px;\">\n\t\t\t\t&nbsp;\n\t\t\t\t<\/div>\n<div style=\"color:#000000;text-align:left;font-size:8pt;font-family:Verdana, san-serif;margin-left:20px;\">\n\t\t\t\tThe World Bank PRDP TF was established on April 10, 2008, with an agreement signed between the World Bank and the Palestinian Authority during the 2008 World Bank-IMF Spring Meetings at the World Bank Headquarters.&nbsp;&nbsp;It is a central component of a World Bank effort to support the ongoing Palestinian Reform and Development Plan.&nbsp;&nbsp;The governments of Australia, Canada, Finland, France, Kuwait, Norway, Poland, and United Kingdom have contributed to this Fund. Since 2008, the World Bank has disbursed in parallel an additional US$80 million through two Development Policy Grants.<\/p><\/div>\n<div style=\"color:#000000;text-align:left;font-size:8pt;font-family:Verdana, san-serif;margin-left:20px;\">\n\t\t\t\t&nbsp;\n\t\t\t\t<\/div>\n<div style=\"text-align:left;margin-left:20px;\">\n\t\t\t\t<span style=\"color:#000000;font-size:7pt;font-family:Verdana, san-serif;\">For more information on the World Bank&#8217;s work in the West Bank and Gaza, please visit <\/span><a href=\"http:\/\/www.worldbank.org\/ps\" style=\"text-align:left;font-size:7pt;font-family:Verdana, san-serif;\"><u>www.worldbank.org\/ps<\/u><\/a>\n\t\t\t\t<\/div>\n<div style=\"text-align:left;margin-left:20px;\">\n\t\t\t\t<span style=\"color:#000000;font-size:7pt;font-family:Verdana, san-serif;\"><strong>Contacts: <\/strong><\/span><span style=\"color:#000000;font-size:7pt;font-family:Verdana, san-serif;\">In Washington:<\/span><span style=\"color:#000000;font-size:7pt;font-family:Verdana, san-serif;\">&nbsp;<\/span><span style=\"color:#000000;font-size:7pt;font-family:Verdana, san-serif;\">Hafed Al-Ghwell, <\/span><span style=\"color:#004080;font-size:7pt;font-family:Verdana, san-serif;\"><u>halghwell@worldbank.org<\/u><\/span><span style=\"color:#000000;font-size:7pt;font-family:Verdana, san-serif;\">, Tel: 202 473 3245; <\/span><span style=\"color:#000000;font-size:7pt;font-family:Verdana, san-serif;\">In West Bank:<\/span><span style=\"color:#000000;font-size:7pt;font-family:Verdana, san-serif;\">&nbsp;Mary Koussa, <\/span><span style=\"color:#004080;font-size:7pt;font-family:Verdana, san-serif;\"><u>Mkoussa@worldbank.org<\/u><\/span>\n\t\t\t\t<\/div>\n<div style=\"color:#000000;text-align:left;font-size:7pt;font-family:Verdana, san-serif;margin-left:20px;\">\n\t\t\t\t&nbsp;\n\t\t\t\t<\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Press Release No:&nbsp;2010\/436\/MENA World Bank Transfers US$91 Million to Palestinian Authority to Support Budget Needs Jerusalem, May 24, 2010&nbsp;&#8211;&nbsp;The World Bank today transferred an additional US$91 million to the Palestinian Authority (PA). These resources will help support the urgent budget needs of the PA, providing, inter alia,&nbsp;support for education, health care and other vital social <a href=\"https:\/\/www.un.org\/unispal\/document\/auto-insert-192951\/\"> [&#8230;]<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"template":"","meta":{"footnotes":""},"country":[],"document-category":[1329],"document-source":[1957],"committee-meeting":[],"document-subject":[1945,1937,4317],"entity":[1729],"document-language":[6542],"class_list":["post-192951","document","type-document","status-publish","hentry","document-category-press-release","document-source-world-bank","document-subject-assistance","document-subject-economic-issues","document-subject-governance","entity-united-nations-system","document-language-english"],"_links":{"self":[{"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document\/192951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document"}],"about":[{"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/types\/document"}],"author":[{"embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":0,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document\/192951\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/media?parent=192951"}],"wp:term":[{"taxonomy":"country","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/country?post=192951"},{"taxonomy":"document-category","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-category?post=192951"},{"taxonomy":"document-source","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-source?post=192951"},{"taxonomy":"committee-meeting","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/committee-meeting?post=192951"},{"taxonomy":"document-subject","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-subject?post=192951"},{"taxonomy":"entity","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/entity?post=192951"},{"taxonomy":"document-language","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-language?post=192951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}