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Available in: العربية

Since the West Bank and Gaza is not at sovereign state, it cannot apply for membership of the IMF or the World Bank Group, and is therefore not eligible for the sources of financing normally available to Member states. To overcome these legal and practical problems, the Trust Fund for Gaza and West Bank (TFGWB) was established in 1993. The TFGWB has periodically been replenished through allocations from the World Bank’s surplus/net income. To date, the World Bank has invested over $608 million, the most recent replenishment was in June 2010 of US$55 million. A significant portion of Bank assistance is designed to support the PA as it continues to implement its reform program, by supporting actions in two policy areas: strengthening the fiscal position and improving public financial management. Up until 2002, all WB&G funding was provided on IDA Credit terms, however, since 2002 all WB&G projects have been approved on grant terms. The Bank portfolio currently consists of 11 projects (over $200 million in commitments). 

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