The World Bank will donate $55 million to the Gaza Strip and the West Bank, the international organization announced Friday.
"The Bank’s support will continue to focus on strengthening the institutions of a future Palestinian state," the organization stated.
The $55 million will be transferred to the Trust Fund for Gaza and the West Bank, pending approval from the Board of Governors. It will be invested in promoting private-sector growth and strengthening public institutions, in line with the Palestinian National Development Plan for 2011-2013, the Bank stated.
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