Kantan Shankar, World Bank Country Director and Resident Representative for the West Bank and Gaza, announced that “The World Bank has approved two grants for Palestine totaling $37 million to support reforms in public procurement and financial inclusion.” green economy in Palestine for $30 million and another $7 million for social services.

He noted that “the grant will help alleviate some of the financial pressures while at the same time focusing on strategic priorities in line with the World Bank Group’s West Bank and Gaza Assistance Strategy and the Palestine National Development Plan 2021-2023.”

The spokesperson believes that “the grant supports the efforts of the Palestinian Authority to meet the needs of the most vulnerable and neediest groups through financial inclusion reforms and gender-responsive budgeting in key ministries. .”

For its part, the Bank explained in a statement that “Given the limited psychological and social support in Gaza, the $7 million grant will help create jobs in the social service sectors, thereby strengthening human capital while helping young job seekers and their families. break free from the clutches of poverty.