BREAKING NEWS

World Bank gives Palestinian Authority $64m. to prepare for statehood

World Bank gives Palesti

DECEMBER 6, 2009 19:44

The World Bank has given $64 million to the Palestinian Authority in the West Bank to help it prepare for statehood. Palestinian Authority Prime Minister Salam Fayyad signed the agreement on Sunday. World Bank official Shamshad Akhtar said the goal is to boost Fayyad's plan to set up institutions for a state within two years, though talks with Israel are stalemated. A World Bank delegation visiting the West Bank and Gaza Strip will also look for ways to ease entry of construction materials into Gaza.

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