New World Bank Assistrance Strategy Palestinian territories approved

On Thursday, October 30, the World Bank Group endorsed a new assistance strategy for the Palestinian territories. The new strategy focuses on supporting state building through service delivery and job creation.

“The Strategy will balance short-term stabilization and Gaza reconstruction activities with operations and analysis that promote sustainable growth,” said Inger Andersen, World Bank Regional Vice President for the Middle East and North Africa, who just returned from the Palestinian territories. “We are keen on developing longer-term opportunities to unleash the Palestinian entrepreneurial spirit, engine for growth with social justice,” continued Andersen.

In addition, the Board of Executive Directors approved a total of $62 million in projects for the reconstruction in Gaza. “Gaza, one of the most densely populated places on earth, was already suffering from economic and social hardships before the most recent war,” said Steen Lau Jorgensen, World Bank Country Director for West Bank and Gaza. “The World Bank emergency response will support the Palestinian Authority with financing for infrastructure needs in the energy, water, and urban sectors.”

World Bank Country Assistance Strategies (CAS), soon to be called Country Partnership Framework (CPF), are incredibly valuable documents for those who wish to help in the implementation and execution of World Bank projects. These documents provide the medium to long term thinking about a country’s constraints and needs, thereby giving a fairly concrete picture of future projects. It is highly advisable to read the CAS’s of your country/countries of focus and pay close attention to the sector in which you are active. Then, reach out to the World Bank country office to discuss how you can contribute to reaching the goals set out by the country and the World Bank.

Read full World Bank article here.

More resources: Country Assistance Strategy FY15-16.