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Source: Japan
23 October 2014




PRESS RELEASE



October 23th, 2014



Japan's New Financial Assistance to the PA

1. The Government of Japan has decided to extend a Non-project grant aid of 1 billion Yen (approximately USD 9 3 million) to the Palestinian Authority (PA) as a kind of its budget support to the PA. Notes to this effect were signed and exchanged today on October 23'1, 2014 in Ramallah between H.E. Mr. Shukry Bishara, Minister for Finance and Planning and Mr. Junya Matsuura, Ambassador for Palestinian Affairs/ Representative of Japan to the PA.

2. The grant aid is extended as a part of international supports to alleviate the PA financial difficulties. With this grant, the PA will procure commodities critically needed for daily economic activities in the Palestinian Territories. Since 2007, including today's new grant, Japan has extended Non-project grant aids to the PA is totaling 10 billion Yen (about USD 94 million). Under the Non-project grant aid program, the fund accumulated through selling commodities procured with this grant is deposited in a special account of the PA, and then utilized for economic and social development in the Palestinian Territories, through consultations between Japanese and Palestinian governments. The fund was utilized so far for procuring medical equipment for hospitals and clinics in the West Bank, finalizing the construction works of a new President Office building in Ramallah, and enhancing property tax collection efforts in the West Bank, etc.

3. Japan's assistance to the PA is extended in a form of budget support or in forms of specific development projects. Japan has been supporting fmancially and technically the economic development efforts exerted by key ministries, to help prepare the PA for statehood in line with the PA's national development plans. Japan has also provided assistance through UNRWA and other UN agencies including humanitarian assistance, as well as to local NGOs and local councils for their grassroots development projects. Japan's assistance exceeds USD 1.47 billion in total since 1993.

http://www.ps.emb-japan.go.jp/PressRelease/PressRelease2014/n23October.pdf


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