VOL. XXXVII

NO. 35

30-MAY-1994

Financial and Banking News

Aid Flows

World Bank Details Spending Program in Gaza and West Bank

The World Bank has given a detailed breakdown of how its intends to deploy$1.2bn pledged by donors for the development of the Palestinian economy. Thebreakdown covers three years, 1994-96, and allocates money between Gaza and theWest Bank. Donors pledged a total of $2.4bn following the signing of the peaceaccord last September between Israel and the PLO. The World Bank has...