Strengthening Fiscal Resilience and Private Investment (WB-P164427)

Countries
  • Palestine, West Bank, Gaza
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 5, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ministry of Finance and Planning
The holder of the loan, grant, or other investment.
Sectors
  • Finance
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Project Cost (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Feb 14, 2019

Disclosed by Bank Sep 24, 2018


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Project Description

According to bank documents, the objectives of this operation are to support the efforts of Palestinian National Authority to:

  1. Strengthen revenue, land administration and intergovernmental revenue framework;
  2. Improve the business environment and foundations for a digital economy, and
  3. Enhance sustainability and creditworthiness of local service providers for private investment

Under Pillar I, expected results should increase dross domestic tax revenues and increase the number of LGUs that have piloted collection of property taxes. Under pillar II, actions are expected to lead to a shorter average time to issue a business license; shorter average to obtain a land purchase permit for businesses; and number of licenses for provision of mobile payments have been reviewed. Under pillar III, actions are expected to increase the share of electricity purchased from wholesale suppliers is collected and paid by LGUs; share of unpaid debt for water owed by LGUs to the MoFP is rescheduled; and that a share of medical referrals to local non-MoH facilities that are done based on the
National Price Reference List.

Investment Description
  • World Bank (WB)
Contact Information

World Bank:
Damir Cosic, Nur Nasser Eddin
Senior Economist

Borrower:
Ministry of Finance and Planning
Laila Sbaih Eghreib
Director General
mofirdg@palnet.com

Implementing Agency:
Ministry of Finance and Planning
Leila Sbaih Eghreib
Director General
mofirdg@palnet.com 

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.