Strengthening Fiscal Stability and Financial Integrity (WB-P171819)

Countries
  • Palestine, West Bank, Gaza
Geographic location 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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 5, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Palestine Liberation Organization
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Law and Government
  • Technical Cooperation
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, guarantee, technical assistance, advisory services, equity and fund.
Project Cost (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Apr 8, 2020

Disclosed by Bank Oct 3, 2019

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank documents, the Objectives of the proposed operation are:

  1. strengthen commitment control in line ministries and improve overall public procurement practice,
  2. improve sustainability of service provision in the water and health sectors, and
  3. strengthen the stability and integrity of the financial sector resulting in improvements in the overall business
    environment.

The first pillar of the operation focuses on strengthening Public Financial Management and procurement practice with the overall aim of strengthening the quality and reliability of public spending. It does that through supporting the PA’s efforts in rolling out a commitment control system in all line ministries and pushing forward public procurement reform – a key area for improved overall transparency in public finances.

The second pillar of the operation focuses on improving the sustainability of service provision in the health and water sectors – key for citizen-centered service delivery. The operation supports the PA’s efforts to take a snapshot of the working health taskforce to identify areas where there are gaps and provide more comprehensive health services. In the water sector, the operation supports a stronger regulator role and lowering non payment amongst consumers for a more sustainable and financially viable sector.

The third pillar focuses on financial sector reforms that are key for the resilience, integrity and stability of the banking sector. Such reforms play a crucial role in creating a strong banking sector which is a requirement for a well-functioning private sector that can create jobs.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank:
Nur Nasser Eddin, Abdalwahab Khatib, Damir Cosic
Senior Economist

Borrower:
Palestine Liberation Organization (for benefit of the Palestinian Authority)
Leila 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 

How it works

How it works