Grants and Contributions:

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Title:

Palestinian Fund for Reconstruction and Development

Agreement Number:

7466755 P012820001

Agreement Value:

$30,000,000.00

Agreement Date:

Mar 20, 2025 - Mar 31, 2031

Description:

The Palestinian Fund for Reconstruction and Development (PFRD) has been operational in West Bank and Gaza since 2021. Also, it is a vital tool to support the Palestinian Authority (PA) and the Palestinian economy, especially following the war in Gaza. Canada’s proposed contribution of CAD $30M over 3 years to PFRD, specifically on Pillar III. It seeks to strengthen sustainable recovery, economic reform, and social resilience through the provision of indirect financial and technical support to the PA. In addition, PFRD has cross-cutting themes of gender, citizen engagement, climate resilience and digital innovation which are central to its operations and are implemented throughout its portfolio. This contribution aims to alleviate the heavy burden on the PA, facing unprecedented levels of fiscal instability, and risking their ability to sustain essential public services to the Palestinian people, implement their reform agenda and plan for long-term recovery and reconstruction and governance of Gaza. Project

Organization:

Global Affairs Canada

Expected Results:

The expected outcomes of this project include: (1) increased private capital mobilization; (2) increased business linkages with international markets; (3) enhanced financial sector infrastructure and accessibility; (4) increased employment in private sector; and (5) enhanced business environment for entrepreneurs and businesses through financial sector reform.

Location:

WASHINGTON, US 20433

Reference Number:

064-2024-2025-Q4-A0049

Agreement Type:

Grant

Report Type:

Grants and Contributions

Recipient Business Number:

6000000000000

Recipient Type:

Not-for-profit organization or charity

Additional Information:

Belated reporting.

Recipient's Legal Name:

World Bank

Federal Riding Name:

Not Coded

Federal Riding Number:

Program:

Grants - Multilateral Programming

Program Purpose:

Subvention Programmation multilatérale