World Bank Pledges Enduring Development Help to Palestinians

The World Bank will continue providing economic and social services to Palestinians, according to a bank press release.

“We have been operating in the West Bank and Gaza for the past 15 years and will continue to walk with the Palestinian people on their path to prosperity,” World Bank Managing Director Juan José Daboub said at the conclusion of his two-day visit to the West Bank March 11.

During the visit, Daboub met with Palestinian Prime Minister Salam Fayyad, Quartet envoy Tony Blair, Palestine Monetary Authority Governor Jihad Al-Wazir, Palestinian Investment Fund CEO Mohammad Mustafa, and private sector and civil society leaders.

Mariam Sherman, the new World Bank country director for the West Bank and Gaza, said rebuilding and developing the Palestinian economy is a priority for the agency.

“Recovery and reconstruction, as well as the easing of access, will enable long term economic development for the Palestinian people,” Sherman said. “We will continue our engagement with the [Palestinian Authority] and the donor community in this effort.”

About the author

  • Eliza Villarino

    Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.