{"id":265244,"date":"2021-10-21T16:31:12","date_gmt":"2021-10-21T20:31:12","guid":{"rendered":"https:\/\/www.un.org\/unispal\/?post_type=document&p=265244"},"modified":"2021-10-25T16:33:47","modified_gmt":"2021-10-25T20:33:47","slug":"us-80-million-to-boost-palestinian-economic-opportunities-and-livelihoods-world-bank-press-release","status":"publish","type":"document","link":"https:\/\/www.un.org\/unispal\/document\/us-80-million-to-boost-palestinian-economic-opportunities-and-livelihoods-world-bank-press-release\/","title":{"rendered":"US$ 80 Million to Boost Palestinian Economic Opportunities and Livelihoods – World Bank Press Release"},"content":{"rendered":"
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Arabic: \u0627\u0644\u0639\u0631\u0628\u064a\u0629<\/a><\/p>\n

Washington, October 21, 2021<\/b>\u00a0\u2013\u00a0The World Bank\u2019s Board recommended today the allocation of US$80 million to support the economic welfare and durable opportunities for the Palestinian people. The funds, in the form of grants, will be transferred from the Bank\u2019s own income to the dedicated Trust Fund for Gaza and the West Bank.<\/p>\n

\u201cIn light of the COVID-19 pandemic, now in its second year, the impact of May 2021 conflict with Gaza, and the fiscal distress,<\/i>\u00a0the new replenishment comes at a critical time to help support Palestinian economic development while responding to these shocks to the economy and society,\u201d\u00a0<\/i>said\u00a0Kanthan Shankar, World Bank Country Director for West Bank and Gaza.<\/b><\/i><\/p>\n

The funds will support the Bank\u2019s assistance strategy, aimed at strengthening resilience and providing much needed support for social protection. The strategy is aligned with the World Bank Group\u2019s crisis response to mitigate the socioeconomic impacts of the COVID-19 crisis. It also supports the recovery efforts in Gaza through cash-for-work opportunities for poor and vulnerable populations and through the second phase of an energy sector multi-phase programmatic approach.<\/p>\n

The funds will also contribute to a well-connected Palestinian economy that is more integrated into the regional and global markets with a particular focus on energy trade and digital connectivity. It will be particularly be beneficial to private sector growth, including tech startups and the IT services sector. These efforts will help foster job creation and sustainable opportunities that are at the core of the World Bank strategy.<\/p>\n

Building on its partnership with the Palestinian Authority and coordination with donors, including through its analytical work, the World Bank Group will work with Palestinian policymakers to support the reform agenda in the priority areas of governance and public financial management, gender reform, and climate change, as well as building investor confidence in the business environment.<\/p>\n<\/div>\n<\/section>\n

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Contacts<\/h3>\n
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West Bank and Gaza:<\/h5>\n
Mary Koussa<\/address>\n
(972) 2-2366500
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mkoussa@worldbank.org<\/a><\/p>\n<\/div>\n

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Washington:<\/h5>\n
Serene Jweied<\/address>\n
(202) 473-8764
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sjweied@worldbankgroup.org<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Arabic: \u0627\u0644\u0639\u0631\u0628\u064a\u0629 Washington, October 21, 2021\u00a0\u2013\u00a0The World Bank\u2019s Board recommended today the allocation of US$80 million to support the economic welfare and durable opportunities for the Palestinian people. The funds, in the form of grants, will be transferred from the Bank\u2019s own income to the dedicated Trust Fund for Gaza and the West Bank. \u201cIn […]<\/a><\/p>\n","protected":false},"author":172,"featured_media":0,"parent":0,"template":"template-page.php","meta":{"footnotes":""},"country":[],"document-category":[1329],"document-source":[1957],"committee-meeting":[],"document-subject":[1945,1937],"entity":[1729],"document-language":[6544],"class_list":["post-265244","document","type-document","status-publish","hentry","document-category-press-release","document-source-world-bank","document-subject-assistance","document-subject-economic-issues","entity-united-nations-system","document-language-arabic"],"_links":{"self":[{"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document\/265244","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\/172"}],"version-history":[{"count":0,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document\/265244\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/media?parent=265244"}],"wp:term":[{"taxonomy":"country","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/country?post=265244"},{"taxonomy":"document-category","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-category?post=265244"},{"taxonomy":"document-source","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-source?post=265244"},{"taxonomy":"committee-meeting","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/committee-meeting?post=265244"},{"taxonomy":"document-subject","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-subject?post=265244"},{"taxonomy":"entity","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/entity?post=265244"},{"taxonomy":"document-language","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-language?post=265244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}