{"id":197477,"date":"2004-04-13T00:00:00","date_gmt":"2019-03-12T17:25:00","guid":{"rendered":"https:\/\/www.un.org\/unispal\/?p=197477"},"modified":"2019-03-12T17:25:00","modified_gmt":"2019-03-12T17:25:00","slug":"auto-insert-197477","status":"publish","type":"document","link":"https:\/\/www.un.org\/unispal\/document\/auto-insert-197477\/","title":{"rendered":"World Bank Public Financial Management Reform Trust Fund Project for the West Bank and Gaza – WB proposal\/press release"},"content":{"rendered":"
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West Bank and Gaza – Public Financial Management Reform Trust Fund Project, Vol. 1 of 1<\/strong> <\/p>\n<\/td>\n<\/tr>\n

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Document Type: Program Document<\/strong> <\/p>\n<\/td>\n<\/tr>\n

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The Public Financial Management Reform Trust Fund builds on the successful budget support mechanisms of the European Commission – the Special Cash Facility and the Direct Budgetary Assistance Program (Phases 1-5) – which disbursed funds against a series of Palestinian Authority (PA) reforms between November 2000 and December 2002. Lessons from this assistance form an integral part of the design of the Reform Fund, which would extend a similar mechanism to a wider set of donors. In collaboration with the Ministry of Finance (MOF), the International Monetary Fund (IMF) and key donors, the Bank outlined a program of reforms, and arrangements for a multi-donor trust fund. The objective of this Reform Program is two-fold. First, to further improve the PA ' s financial management systems, within a broader national reform agenda; and second, to provide budgetary and fiduciary assurances to donors. The first tranche under the Reform Fund, would be authorized upon fulfillment of: submission and passage of the PA Budget Law for 2004; submission of statements on the PA ' s fiscal operations in 2002; full implementation of the 2004 Budget Law ' s requirement, that salary payments of all PA security personnel be directly deposited into individual bank accounts; completion and publication of the final report on the valuation of assets of the Palestine Investment Fund (PIF); and, full compliance with the 2004 Budget Law in relation to public sector personnel hiring. The Bank will set up a single, multi-donor trust fund, to mobilize additional donor resources in support of the PA budget; to harmonize donor assistance in exchange for a commonly agreed Reform Program; and, to simplify procedures for the PA. The Bank as Reform Fund Administrator would be responsible for supervising the implementation of the agreed reform measures, monitoring and verifying compliance. <\/p>\n<\/td>\n<\/tr>\n<\/table>\n

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West Bank and Gaza – Public Financial Management Reform Trust Fund Project, Vol. 1 of 1  Document Type: Program Document  The Public Financial Management Reform Trust Fund builds on the successful budget support mechanisms of the European Commission – the Special Cash Facility and the Direct Budgetary Assistance Program (Phases 1-5) – which disbursed funds […]<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"template":"","meta":{"footnotes":""},"country":[],"document-category":[1329,2669],"document-source":[1957],"committee-meeting":[],"document-subject":[1945,1937],"entity":[1729],"document-language":[6542],"class_list":["post-197477","document","type-document","status-publish","hentry","document-category-press-release","document-category-proposal","document-source-world-bank","document-subject-assistance","document-subject-economic-issues","entity-united-nations-system","document-language-english"],"_links":{"self":[{"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document\/197477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document"}],"about":[{"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/types\/document"}],"author":[{"embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":0,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document\/197477\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/media?parent=197477"}],"wp:term":[{"taxonomy":"country","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/country?post=197477"},{"taxonomy":"document-category","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-category?post=197477"},{"taxonomy":"document-source","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-source?post=197477"},{"taxonomy":"committee-meeting","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/committee-meeting?post=197477"},{"taxonomy":"document-subject","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-subject?post=197477"},{"taxonomy":"entity","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/entity?post=197477"},{"taxonomy":"document-language","embeddable":true,"href":"https:\/\/www.un.org\/unispal\/wp-json\/wp\/v2\/document-language?post=197477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}