World Bank presents $90 million donation to Palestine

The World Bank agreed yesterday to present a new donation to the Palestinian National Authority worth $90 million, specified for supporting projects in the West Bank and Gaza Strip.

Mohammed Ashtiba, the general manger of the Palestinian Economic Council for Development, confirmed that Palestinian President Yasser Arafat received a message from the World Bank over his approval of presenting the donation.

Ashtiba also said that the bank does not grant this donation except to independent countries, adding that the Palestinian government will soon start talks with officials in the World Bank to determine which projects will be implemented because of this donation.