The OPEC Fund for International Development today announced the allocation of fresh resources to its Special Grant Account for Palestine. The US$15 million replenishment was approved by the Fund’s highest policy-making body, the Ministerial Council, meeting at its 26th Annual Session in Seefeld, Austria. The Special Account was established by the Fund in 2002, with an initial endowment of US$10 million, to channel assistance to operations that would alleviate hardship and prevent further impoverishment and suffering among the Palestinian people. Boosted by an additional US$15 million in 2004, the Account has supported numerous initiatives, ranging from the rebuilding of damaged infrastructure and the provision of medical assistance, to micro-credit and a wide range of capacity-building and social projects. Read more about OPEC Fund replenishes special grant account for Palestine
The OPEC Fund for International Development today extended a US$2 million grant to help alleviate social and economic hardship among Palestinians affected by the so-called separation wall. The grant will co-finance a major initiative that aims to generate employment, boost agricultural productivity and improve access to basic social services among the concerned communities. An estimated 210,000 people reside in towns and villages in the West Bank that have been turned into isolated enclaves as a result of the separation wall. The wall has deprived people of education and healthcare facilities and cut off many agricultural communities from their farmland. The impact on economic activity and on the welfare of the population is severe. Read more about OPEC approves US$2 million grant to help Palestinians affected by Separation Wall
The OPEC Fund for International Development today approved a grant of US$570,000 to help finance four capacity building projects designed to address some of the most urgent needs of the poorest, hardest hit communities in the West Bank. The aim is to enable them to secure a decent standard of living. This is the fifth grant approved under the Fund’s Special Grant Account for Palestine, which was set up with an initial endowment of US$10 million. The first grant was approved in December 2002 to provide financial support to Palestinian universities and students. Read more about OPEC Fund extends US$570,000 grant to help finance capacity building projects in Palestine
The OPEC Fund for International Development today approved a grant of US$930,000 to help finance a series of social projects designed to address some of the most urgent needs of the poorest, hardest hit communities in the West Bank and Gaza Strip. Grant resources will be divided among seven organizations in support of projects covering a wide range of sectors. This is the fourth grant approved under the Fund’s Special Grant Account for Palestine, which was set up with an initial endowment of US$10 million. Read more about OPEC Fund extends US$930,000 grant to help finance social projects in Palestine