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Additional US$10 Million to Increase Jobs for Palestinians during COVID-19 Format WASHINGTON, March 1, 2021 - As part of its efforts to respond to the economic impact of COVID-19 on the Palestinian people, the World Bank approved today a second grant of US$10 million to support job creation. The COVID-19 crisis has profoundly affected employment in an already faltering Palestinian economy. Private sector firms and workers, startups and small and medium enterprises (SMEs) are experiencing the economic brunt of the crisis. Job prospects become even more grim with greater impact on women and youth. It is crucial to identify ways to bring sustainable transformational impacts on the livelihoods of the Palestinian people. The additional funding will support job-creating investment opportunities identified from the private sector with a focus on vulnerable workers and at least 30% employment for women”, said

Israel generalWorld bankDistrict of columbiaUnited statesWest bankAshraf al saeedKanthan shankarAbed khatibMary koussaWorld bank countryInvestment coAdditional financingWorld bank country directorInvestment co financing facilitySenior financial sectorGaza rooftop solar power project