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Media Mention via Ma'an News Agency

World Bank transfers $25 million to PA

By Ma'an News Agency September 23, 2015

References Tariq Dana

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BETHLEHEM (Ma'an) -- The World Bank on Monday transferred $25 million to the Palestinian Authority to assist with urgent budget needs, a statement from the global financial body said.

The funds were taken from the Palestinian Reform and Development Plan Trust Fund (PRDP-MDTF), a multi-donor budget support mechanism in place since 2008. Monday's funds will be channeled towards macroeconomic and public management reforms.

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