West Bank and Gaza-Palestinian Investment Preparation Facility Project - Absence-of-Objection Basis - Approval on April 6, 2026

Jul 19, 2026

West Bank and Gaza-Palestinian Investment Preparation Facility Project approval documentation records that, on Monday, April 6, 2026, the Executive Directors approved a US$20 million grant. The grant is awarded to the Palestine Liberation Organization for the benefit of the Palestinian Authority, financed from the Trust Fund for Gaza and West Bank under terms in the President’s Memorandum (R2026-0064 [IDA/R2026-0059]) dated March 18, 2026. Lailee Jane Moghtader requested to be recorded as abstaining.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Approval on an Absence-of-Objection Basis

Project and funding amount

Recipient and beneficiary

Governing terms and abstention

FAQs

What was approved on the absence-of-objection basis, and when?

The Executive Directors approved the grant on Monday, April 6, 2026 under an absence-of-objection basis.

Who received the grant and for whose benefit?

The grant was approved for the Palestine Liberation Organization, for the benefit of the Palestinian Authority.

How much funding was approved, and what document set the terms?

The approved amount was US$20 million, with terms and conditions set out in the President’s Memorandum (R2026-0064 [IDA/R2026-0059]) dated March 18, 2026.

Jul 19, 2026

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