Islamic Development Bank to donate $33m for projects in Palestine – Middle East Monitor

The Islamic Development Bank is to donate $33 million to support projects in the occupied West Bank and Gaza Strip, as well as Jerusalem, reports Wafa Press Agency.

The funds will be spent on local government, agriculture, civil society, the health sector and in other areas.

Palestinian Authority (PA) Local Government Minister Magdi Al-Saleh and Islamic Bank Advisor in the West Bank and Jerusalem Ikhlas Al-Ratrout signed the agreement, which included four parties in Ramallah, during which PA Prime Minister Mohammad Shtayyeh was also present along with Hebron Mayor Taysir Abu Sneina.

Part of the deal is to support infrastructure projects for local government bodies in the occupied West Bank and Gaza Strip, worth around $26 million, while another $3.5 million dollars is intended to improve infrastructure projects in refugee camps.

A third agreement, worth $2 million for the implementation of a project to equip and furnish a maternity ward in the Shifa medical complex in Gaza, was also signed.

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In addition, the fourth agreement, worth $1 million, will be to restore, rehabilitate and maintain buildings in the old city of Hebron, which was signed by the Mayor of Hebron, Taysir Abu Sneina, with a representative of the Islamic Development Bank.

According to Wafa news agency, Shtayyeh praised the Islamic Development Bank for its fund during the signing ceremony, which he said will strengthen the steadfastness of the Palestinian people in all governorates.

“What distinguishes these projects is that their funds are allocated from Arab funds,” he said. “I hope that the authorities who will implement the projects will speed up their implementation as much as possible.”

He added that a set of projects financed by the Arab Fund in Kuwait will also be announced soon.

In a region plagued by conflict and grappling with the health and socio-economic impacts of Covid-19, these funds are vital for some degree of regional stability.

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