Finance Ministry, German Bank Discuss 21.5m Euro Grant

RAMALLAH, August 6, 2013 (WAFA) – The Ministry of Finance Tuesday discussed a grant of 21.5 million euro with the German Development Bank to develop and support Palestinian municipalities.

The ministry said in a press release that in accordance with the grant’s guidelines, the Palestinian government must commit to pay 10% of the value of the grant.

Both parties agreed on the importance of continuing cooperation between Palestine and Germany, especially when it comes to municipalities since Germany is considered one of the biggest donor countries in this field.

Minister of Finance Shukri Bshara stressed the importance to continue the Palestinian-German cooperation.

source : WAFA NEWS