World Bank transfers $25 million to PA
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.
