(Reuters) – President Barack Obama said on Wednesday the United States would provide almost $400 million in new aid to the Palestinians.
Following are some details of the assistance for the West Bank and Gaza.
* A $240 million investment by the Overseas Private Investment Corp in the AMAL mortgage finance program in the West Bank, which offers long-term mortgages at fixed and variable rates.
* Funding of $75 million through the U.S. Agency for International Development (USAID) to support the Palestinian Authority’s work to improve infrastructure in the West Bank and Gaza.
* Aid worth $40 million to support the United Nations Relief and Works Agency (UNRWA) for Palestine Refugees in the Near East. The aid will go to the UNRWA’s Emergency Appeal for Gaza and the West Bank, which will help improve educational and health services, increase job creation and repair shelters in Gaza.
* $14.5 million in USAID projects for school rehabilitation, small-scale agriculture, the repair of a hospital facility and other community infrastructure in Gaza.
* $10 million for the construction of five new UNRWA schools in Gaza.
* $10 million in USAID-funded activities aimed at enhancing the Palestinian private sector’s competitiveness
* $5 million to start nine USAID-funded projects to repair water distribution and waste water collection systems in Gaza.
(Writing by Deborah Charles)