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World Bank to increase aid to fragile states
Minister of Finance Mohammed bin Abdullah Al-Jadaan affirmed that the World Bank must expand its support to fragile and conflict-affected countries, particularly Sudan, Yemen, and Syria, by adapting programs to help them transform resources into economic opportunities that create jobs and promote local content. He called for intensified support from the World Bank to keep pace with these challenges and to benefit from the partnership model with the International Finance Corporation to expand concessional financing for the State of Palestine. He also emphasized the importance of private sector participation in strengthening supply chains and logistics services, especially in a region that lies at the heart of global trade movement.
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