An Additional US$ 18.5 Million for Improving Palestinian Infrastructure Services
An Additional US$ 18.5 Million for Improving Palestinian Infrastructure Services
Source : World BankWorld Bank
20-дек-2018
Jerusalem, Norway and Sweden contributed an additional total amount of US$ 18.5 million to the Palestinian Partnership for Infrastructure Development Multi-Donor Trust Fund (PID fund) administered by the World Bank.
The funds contributed by the Swedish International Development Cooperation Agency (Sida) of SEK 90 million, equivalent to US$ 10 million, and the Norway Ministry of Foreign Affairs of NOK 73 million, equivalent to US$ 8.5 million, will support the Palestinian Authority implementing sector reforms and improving the quality and sustainability of infrastructure in water, energy and local government services provided to the Palestinian citizens.
The PID Fund was established in 2012 with the objective of improving the coverage, quality, and sustainability of infrastructure in the Palestinian territories through financial and technical support in the energy, water and urban development sectors.
With the new contributions, the total amount allocated to the PID fund is about US$ 186.4 million. Currently, donors contributing to the fund include the governments of Croatia, Denmark, Finland, France, Netherlands, Norway, Portugal, Sweden, and United Kingdom.