World Bank
ORG
World Bank
Explaining the European decision, officials in Brussels said the European Union had stopped all direct aid to the Palestinian government and payment of public employees' salaries with European Union funds through the World Bank. Europe's direct payments, which totaled more than $200 million from 2000 to 2002, led to the establishment of a World Bank-monitored trust fund, which is now used by most international donors to disburse money to the fledgling Palestinian government in return for its willingness to meet certain standards of improved fiscal governance.