{"id":210080,"date":"2005-03-01T00:00:00","date_gmt":"2019-03-12T19:52:46","guid":{"rendered":"https:\/\/www.un.org\/unispal\/?p=210080"},"modified":"2019-03-12T19:52:46","modified_gmt":"2019-03-12T19:52:46","slug":"auto-insert-210080","status":"publish","type":"document","link":"https:\/\/www.un.org\/unispal\/document\/auto-insert-210080\/","title":{"rendered":"World Bank reaffirms support for PA – WB Press release"},"content":{"rendered":"
\n
\n

\n

\n<\/p><\/div>\n
\n

World Bank Reaffirms Support For Palestinian Authority<\/strong><\/p><\/div>\n

\n

Wolfensohn emphasizes link between economic development, governance and security<\/p><\/div>\n

<\/p>\n

\n

Contacts:<\/strong><\/span> <\/span>
\nIn London:<\/i><\/span>
\nGerry Rice (202) 369-3604<\/span><\/p><\/div>\n

\n

In Washington:<\/i><\/span>
\nSereen Juma<\/span>  <\/span>(202)<\/span> 473-7199<\/span>
\n<\/span><\/p><\/div>\n

\n

LONDON, March 1, 2005 –<\/strong><\/span> <\/span>The World Bank today reaffirmed its commitment to support the reform efforts of the Palestinian Authority and will continue to help raise short-term emergency budgetary support as well as medium-term development assistance. At a meeting of the international community held in London, the Bank said it will also work with investors to help stimulate private sector re-engagement in the Palestinian economy.<\/span><\/p><\/div>\n

\n

 <\/p><\/div>\n

\n

“The Israeli government and its citizens need to know that they will not be exposed to violence and terror. An important element will be restoring self-respect and hope to Palestinian youth”<\/i><\/span> <\/span>said <\/span>James D. Wolfensohn, President of the World Bank<\/strong><\/span>. <\/span>“For this to happen, closure must be dismantled so that economic activity can resume, jobs created and mutual confidence rebuilt. And to attract back investors, a well-managed, transparent administration is vital. We in the World Bank will do all we can to help create these preconditions for growth and peace”.<\/i><\/span><\/p><\/div>\n

\n

 <\/p><\/div>\n

\n

Wolfensohn indicated that three elements are essential to achieve Palestinian economic recovery: an environment in which the security of both Palestinians and Israelis is assured; the dismantling of the closure regime to allow for an expansion of trade within Gaza and the West Bank, with Israel and beyond; and the implementation of a reinvigorated governance reform program. This would include a strong anti-corruption strategy, tightened fiscal discipline to avoid serious budgetary imbalances, and vigorous legal and judicial reform.<\/p><\/div>\n

\n

 <\/p><\/div>\n

\n

At the request of the international community, the Bank is developing a set of indicators to assess progress towards the reemergence of an environment conducive to Palestinian growth, with a focus on the policies that each party – Palestinians, Israelis and the international community – needs to pursue. These indicators will be reviewed quarterly. The first report is due at the end of March 2005. Once significant progress has been made, a donor pledging conference will be organized, hopefully in the middle of 2005.<\/p><\/div>\n

\n

 <\/p><\/div>\n

\n

“Only with the maintenance of security, the lifting of closures, a sincere governance reform effort and, importantly, additional international financial assistance, will the Palestinian economy be able to recover and long-term peace be achievable,”<\/i><\/span> <\/span>Wolfensohn<\/strong><\/span> concluded.<\/span><\/p><\/div>\n

\n

 <\/p><\/div>\n

\n

 <\/p><\/div>\n

\n

###<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

World Bank Reaffirms Support For Palestinian Authority Wolfensohn emphasizes link between economic development, governance and security Contacts:  In London: Gerry Rice (202) 369-3604 In Washington: Sereen Juma  (202) 473-7199 LONDON, March 1, 2005 – The World Bank today reaffirmed its commitment to support the reform efforts of the Palestinian Authority and will continue to help raise short-term emergency […]<\/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":[1945,1749],"entity":[1729],"document-language":[6542],"class_list":["post-210080","document","type-document","status-publish","hentry","document-category-press-release","document-source-world-bank","document-subject-assistance","document-subject-palestine-question","entity-united-nations-system","document-language-english"],"_links":{"self":[{"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document\/210080","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\/210080\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/media?parent=210080"}],"wp:term":[{"taxonomy":"country","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/country?post=210080"},{"taxonomy":"document-category","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-category?post=210080"},{"taxonomy":"document-source","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-source?post=210080"},{"taxonomy":"committee-meeting","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/committee-meeting?post=210080"},{"taxonomy":"document-subject","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-subject?post=210080"},{"taxonomy":"entity","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/entity?post=210080"},{"taxonomy":"document-language","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-language?post=210080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}