{"id":202157,"date":"1998-07-15T00:00:00","date_gmt":"2019-03-12T18:18:51","guid":{"rendered":"https:\/\/www.un.org\/unispal\/?p=202157"},"modified":"2019-03-12T18:18:51","modified_gmt":"2019-03-12T18:18:51","slug":"auto-insert-202157","status":"publish","type":"document","link":"https:\/\/www.un.org\/unispal\/document\/auto-insert-202157\/","title":{"rendered":"World Bank committed $20 million in FY 1998 to PA – Press release"},"content":{"rendered":"
\n

PRESS RELEASE
\nNews Release No. 99\/1891\/MENA<\/p>\n

<\/p>\n

Contact:  Middle East & North Africa Region Regional Communications Unit
\nTelephone No: 202-473-2623
\nFax No: 202-522-0003  <\/p>\n

WORLD BANK COMMITTED $20 MILLION TO PALESTINIAN AUTHORITY IN FISCAL YEAR 1998 <\/p>\n

<\/p>\n

WASHINGTON, July 15, 1998 — The World Bank approved a total of $20 million to support two development projects in West Bank & Gaza (WBG) during fiscal year 1998 (July 1997––June 1998). An additional $80 million was mobilized from other donors to co-finance these two operations. This compares to World Bank lending commitments of $83 million in FY97. <\/p>\n

<\/p>\n

World Bank Commitments to WBG (FY 98, $millions)
\n 
\nPalestinian NGO Project
\n 10.0 <\/p>\n

\nGaza Industrial Est.
\n 10.0
\nIDA Total
\n 20.0 \n<\/p>\n

 <\/p>\n

<\/p>\n

Total funds of $320 million for financing Bank-supported projects in WBG came out of the World Bank’s surplus income and are provided on IDA terms with a maturity of 40 years, including a 10-year grace period, and a service charge of 0.75 percent per annum. Since FY94, the World Bank has committed $213.5 million for 13 development projects in WBG. An additional $285 million were mobilized from other donors to co-finance these 13 operations. <\/p>\n

<\/p>\n

IDA Commitments to West Bank & Gaza in FY98 <\/p>\n

<\/p>\n

PALESTINIAN NGO PROJECT
\nCredit Amount: US$10 Million (IDA); Approval Date: July 10, 1997
\nProject Objectives: The project is designed to channel funds to the poor and needy, utilizing the services of Palestinian NGOs as delivery mechanisms. <\/p>\n

<\/p>\n

GAZA INDUSTRIAL ESTATE PROJECT
\nCredit Amount: US$10 Million (IDA); Approval Date: January 20, 1998
\nProject Objectives: The project supports the establishment of Gaza Industrial Estate at Al-Muntar border crossing point in Gaza Strip. It is the first largely export-oriented industrial zone, or "estate," to help guarantee sustainable employment and stimulate industrial development in the Palestinian Territories. <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

PRESS RELEASE News Release No. 99\/1891\/MENA Contact:  Middle East & North Africa Region Regional Communications Unit Telephone No: 202-473-2623 Fax No: 202-522-0003   WORLD BANK COMMITTED $20 MILLION TO PALESTINIAN AUTHORITY IN FISCAL YEAR 1998 WASHINGTON, July 15, 1998 — The World Bank approved a total of $20 million to support two development projects in West Bank […]<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"template":"","meta":{"footnotes":""},"country":[],"document-category":[1329],"document-source":[1957],"committee-meeting":[],"document-subject":[1945,1937,5362,2465],"entity":[1729],"document-language":[6542],"class_list":["post-202157","document","type-document","status-publish","hentry","document-category-press-release","document-source-world-bank","document-subject-assistance","document-subject-economic-issues","document-subject-ngo-civil-society","document-subject-poverty","entity-united-nations-system","document-language-english"],"_links":{"self":[{"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document\/202157","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\/1"}],"version-history":[{"count":0,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document\/202157\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/media?parent=202157"}],"wp:term":[{"taxonomy":"country","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/country?post=202157"},{"taxonomy":"document-category","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-category?post=202157"},{"taxonomy":"document-source","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-source?post=202157"},{"taxonomy":"committee-meeting","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/committee-meeting?post=202157"},{"taxonomy":"document-subject","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-subject?post=202157"},{"taxonomy":"entity","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/entity?post=202157"},{"taxonomy":"document-language","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-language?post=202157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}