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Representative Office of Japan to the Palestinian Authority
対パレスチナ暫定自治政府日本国政府代表事務所


Representative Office of Japan to the PNA

 PRESS RELEASE
Oct 24th, 2010

 

 

Japan’s New Assistance to the PNA for Financial Support

 

1. The Government of Japan has decided to extend a Non-project grant aid of 1.5 billion Yen (approximately USD 18.8 million) to the Palestinian National Authority (PNA) as a kind of its budgetary support to the PNA. Notes to this effect were signed and exchanged on October 24th, 2010 in Ramallah between Mr. Naofumi Hashimoto, Representative of Japan to the PNA, and H.E. Dr. Salam Fayyad, Prime Minister/Minister of Finance of the PNA.

 

2. The Non-project grant aid is extended as a part of international supports to alleviate the PNA financial difficulties. With this grant, the PNA will procure some commodities critically needed for daily economic activities in the Palestine territory. Including this one, Japan has extended to the PNA in the last four consecutive years Non-project grant aid, totaling 5.4 billion yen (about USD 63 million). Under the Non-project grant aid program, amounts of what are sold to local markets of products purchased under the grant are deposited in a special account of the PNA and thus what is deposited is utilized for economic and social development in the Palestinian territory though consultations between Japanese and Palestinian sides. This year though such consultations those deposited amount was allocated for procurement of medical equipment for many hospitals and clinics in the West Bank, finalizing the finished works of construction of a new President Office building in Ramallah and enhancing property tax collection efforts in the West Bank.

 

3. The above-mentioned grant is a clear indication of Japan’s determined commitment to continue its support for the peace-making efforts led by H.E. President Dr. Mahmoud Abbas, and for state-building efforts led by H.E. Prime Minister Dr. Salam Fayyad.

 

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بيــان صحـفـي
24-10-2010

 

دعم ياباني جديد لموازنة السلطة الوطنية الفلسطينية

 

 

(c) Representative Office of Japan to the Palestinian Authority