The World Bank Plants to Assist the Palestinian Economy

Cleveland-based technology consultant Charles David Snyder has led LongReach Advisors as chairman and CEO since 2015. In his senior role with the Cleveland-based firm, Charles David Snyder focuses on workforce and sourcing strategies, economic development, and incentives

In October 2021, the World Bank’s Board of Directors proposed allocating $80 million to promote the Palestinian people’s economic well-being and long-term potential. The cash will be moved from the bank’s own income to a special Trust Fund for Gaza and the West Bank in the form of grants.

The money will be used to support the bank’s assistance strategy to enhance resilience and provide much-needed social protection assistance. The policy aligns with the World Bank Group’s crisis response to reduce the COVID-19 crisis’s socioeconomic effects. It also aids Gaza’s rehabilitation efforts by providing cash-for-work options for vulnerable communities and implementing the second part of a multi-phase programming strategy in the energy sector.

The World Bank Group will collaborate with Palestinian officials to advance the reform agenda in governance and public finance, climate change, and gender reform. The World Bank Group also seek to promote confidence in Palestinian economic climate,

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