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Palestine Finalizes USD30 Million Grant Agreement With World Bank

Palestine Finalizes USD30 Million Grant Agreement With World Bank

Friday, 7 August, 2020 - 07:15
A Palestinian vendor sells sweets along the beach in a warm weather in Gaza City July 7, 2017. REUTERS/Mohammed Salem

The Palestinian government finalized on Thursday a USD30 million grant agreement with the World Bank for vulnerable citizens affected by the coronavirus pandemic.

Prime Minister Mohammad Shtayyeh said that USD6 million will be allocated for families in need via the Social Development Ministry. He said USD13.9 million will be earmarked for laborers through the Labor Ministry.

Some 68,000 workers, rendered jobless due to the virus outbreak, will benefit from the financial assistance.

Meanwhile, the premier added that USD10 million will be allotted to the temporary employment program, which will be implemented by 10 Palestinian institutions to serve 3,100 families.

Kanthan Shankar, Country Director for West Bank and Gaza, expressed gratitude towards the World Bank's support in this critical time to the vulnerable. Although the need is greater than the support, yet this is an initial responsive mechanism, he added.

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