The project will help strengthen local institutions through training, technical support, and set up a web-based platform for better coordination and exchange of information during emergencies
The World Bank approved a $300m loan for Bangladesh yesterday aiming to support the country’s urban local government institutions in facing the coronavirus pandemic and its future shocks.
World Bank approves $25 million grant to support municipal response to COVID-19 in Palestinian territories
Total lockdown in Ramallah due to spread of COVID-19. (File photo)
WASHINGTON, Saturday, March 06, 2021 (WAFA) - The World Bank approved yesterday a grant of $15 million to help Palestinian municipalities maintain vital services and provide jobs to households whose income has been adversely affected by the COVID-19 crisis.
The grant for the Third Municipal Development Project (MDPIII) will be supplemented by an additional $10 million in donor co-financing from the Partnership for Infrastructure Development Trust Fund, administered by the Bank, according to a World Bank press release. Palestinian municipalities are at the frontline of combating the COVID-19 pandemic. However, municipal revenues have declined dramatically as a result of the pandemic-induced economic slowdown. The partnership between the World Bank and donors is a model of collaboration to help alleviate the s