VOL. XLVII

No 18

03-May-2004

AID

World Bank Launches Multi-Donor Trust Fund To Support PA

With the aim of supporting the Palestinian Authority (PA) in sustaining public services in the face of a severe fiscal crisis, the World Bank announced on 27 April that it had set up the Public Financial Management Reform Trust Fund. Created at the request of the PA with backing from the international donor community, the fund builds on the successful budget support mechanisms implemented by the European...