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The grant supports the Palestine Liberation Organization, benefiting the Palestinian Authority, for a Financial Sector Strengthening and Modernization Project. Approval is made on the absence-of-objection basis under terms set out in the President’s Memorandum (R2026-0108[IDA/R2026-0107], dated May 8, 2026). Lailee Jane Moghtader requested to be recorded as abstaining.","Public Disclosure Authorized Public Disclosure Authorized  \nThe following item has been approved on an Absence-of-Objection Basis  \non Thursday, May 28, 2026  \nWest Bank and Gaza-Financial Sector Strengthening and Modernization  \nThe Executive Directors approved on May 28, 2026 a grant in the amount of US$25 million from the Trust Fund for Gaza and the West Bank to the Palestine Liberation Organization (for the benefit of the Palestinian Authority) for a Financial Sector Strengthening and Modernization Project on the terms and conditions set out in the President’s Memorandum (R2026-0108[IDA/R2026-0107], dated May 8, 2026) . 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