World Bank transfers $72.2m to PA

The World Bank’s Multi-donor Trust Fund for the Palestinian Reform and Development Plan on Wednesday transferred $72.2 million to the Palestinian Authority.The money, according to a World Bank statement, was donated by the governments of Kuwait, Australia, and the UK. It will be used for educational, health, social and other vital services.The Palestinian Reform and Development Plan 2008-2010 was presented by the Palestinian Authority to the December 2007 Paris Donor Conference.The plan included a 3-year fiscal framework, on the basis of which donors committed substantial budget and development support at the Conference. The PA’s National Development Plan, published in April 2011, lays out the development agenda for 2011-2013 and identifies priorities.