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The World Bank approved a second grant of $10 million to help create more jobs for Palestinians during the Covid-19 pandemic, which has deepened the woes of an already struggling economy.
The
programme, known as Finance for Jobs II Second Additional Financing, or F4J II, is aimed at further stimulating private investment in sectors with high job-creation potential
, the Washington-based lender said
Private sector companies and workers, start-ups and small and medium enterprises are bearing the brunt of the health crisis, the World Bank said. Job prospects are even more grim for women and youth. Covid-19 crisis has profoundly affected employment in an already faltering Palestinian economy . it is crucial to identify ways to bring sustainable transformational impact