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Thursday 24 Dec 2015 - 11:26 Makkah mean time-13-3-1437
Washington, (IINA) - The World Bank transferred $22 million in support of the Palestinian State’s budget from the Palestinian Reform and Development Plan Trust Fund (PRDP-MDTF), a multi-donor budget support mechanism administered by the World Bank, WAFA reported.
The World Bank stated: “The funds contributed by the governments of France, Norway, and the United Kingdom, will help support the urgent budget needs of the Palestinian [State], providing inter alia support for ongoing macroeconomic and public financial management reforms”.
The World Bank PRDP Trust Fund was established on April 10, 2008, after an agreement signed between the World Bank and the Palestinian State.
World Bank said that supporting the ongoing Palestinian Reform and Development Plan is a central component of its effort.
It is noteworthy that the total amount of support the PRDP-MDTF have disbursed amounts to $1.4 billion.
AG/IINA
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