Islamic Development Bank grants $120 million to Palestinian Authority

May 1, 2011

The Islamic Development Bank (IDB) Group has granted $120 million to the Palestinian Authority, the office of Palestinian Prime Minister Salam Fayyad has reported. The grant by the Jeddah-based bank will be used to fund the repair of schools and educational institutions in Jerusalem, the Rural Development Program in areas threatened by settlement activity, and an economic program for poor families.

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