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Additional US$10 Million to Increase Jobs for Palestinians during COVID-19 - occupied Palestinian territory


Additional US$10 Million to Increase Jobs for Palestinians during COVID-19
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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 ....

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World Bank approves $10m grant to fund jobs for Palestinians amid pandemic


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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 ....

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