Kuwait donates $50 million to World Bank fund for PA reform 21Sep11 September 21, 2011

Ma’an News Agency  -  20 September 2011


BETHLEHEM (Ma’an) — Kuwait contributed $50 million to the World Bank fund supporting the Palestinian Authority Reform and Development plan, the bank said Wednesday.

The Gulf state’s ambassador to Washington said on signing the agreement that Kuwait was committed to helping the PA continue its state-building achievements.

“The budget support is crucial at this juncture of time and the PA should be able to preserve and carry on with its institution-building and delivery of better public services,” Amb. Sheik Salem Abdullah Al Jaber Al-Sabah said.

World Bank Managing Director Sri Mulyani Indrawati said the fund would “strengthen the PA’s capacity to quickly enact reforms and to support the Palestinian people in their quest for a better future.”

Established in 2008, and supported by Australia, Canada, Finland, France, Norway, Poland, and the UK as well as World Bank resources, $657 million of the $706 million fund has already been disbursed.

In 2008 and 2010, Kuwait contributed $130 million to the World Bank fund for the PA.

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