IsDB doles out funds for Palestinian projects

The Islamic Development Bank is injecting $52 million into projects to improve infrastructure and social services delivery in Gaza in the Palestinian territories.

Of the total funding approved March 27, $15 million will finance the maintenance of roads, construction of the Wadi Gaza Bridge, and rehabilitation and construction of solid waste treatment facilities. A $13 million package, meanwhile, will support the reconstruction of 400 houses for Gaza’s poor and disabled population.

The rest of the IsDB assistance package will be spent on the rehabilitation of schools and universities ($9.5 million), construction of a new children’s hospital and restoration of a health center in central Gaza ($5 million) and the construction of a new water tank ($3 million). IsDB also approved $1.8 million in support of Gaza’s social sector, according to the Palestinian News & Info Agency.

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.