WASHINGTON, July 14, 2016 — The World Bank Group (WBG) has rolled out a new six-year program for its engagement in Lebanon, underlining the need to support the country as it grapples with a myriad of political and socio-economic hardships largely linked to regional turmoil. The strategy broadly aims to recalibrate confidence of citizens in the state that has been deeply shaken by political instability, inadequate public services, shrinking economic opportunities and fallouts of the conflict in Syria.
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.