Jeddah, 19.3.2012: A Memorandum of Understanding to implement the second phase of the Deprived Families Economic Empowerment Progamme in Palestine(DEEP) was signed between the Islamic Development Bank (IDB) and the Palestinian Authority in Jeddah.
The program aims at aiding more than 12,000 Palestinian families in Palestine suffering from extreme poverty. The program, implemented under the United Nations Development Programme (UNDP), was awarded the Economic Creativity Award for its particularity and creativity in dealing with the economic situations of Palestinian families. The general objective of the “DEEP” program is: “Poverty reduction in the occupied Palestinian territories through access to promotional social safety net activities
and financial services.”
The agreement was signed by Dr. Ahmad Mohamed Ali, President, IDB, in his capacity as the director of the Al-Aqsa Fund, and the Palestinian Minister of Social Affairs Mrs. Majida Al-Masri , the Chairman of the Board of Trustees for (DEEP). The signing took place at the IDB Headquarters in the presence of Dr. Jawad Naji, Advisor to the Prime Minister for the Arab and Islamic funds.