Strengthening Fiscal Stability and Financial Integrity (WB-P171819)

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
Approved
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, 2019
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
Palestine Liberation Organization
The holder of the loan, grant, or other investment.
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, 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 Apr 8, 2020

Disclosed by Bank Oct 3, 2019


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Project 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
  • World Bank (WB)
Contact Information

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