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The Financial Sector Assessment Program (FSAP), jointly established the International the International Monetary Fund and the World Bank launched an initiative, These outside experts provide a valuable element of peer review to the Specifically, the Bank and the Fund proposed to: (1) focus efforts on helping to the joint report, in 2006, the Fund released an evaluation ofthe Financial Sector Group (IEG).4 1 IMF and World Bank, The Standards and Codes Initiative Is It 4 World Bank IEG, Financial Sector Assessment Program: IEG Review of the and IDA, IEG-IFC focuses on assessment of IFC's work toward private sector West Bank and Gaza: Summary of the Bank Group Program Outcome FIRST Financial Sector Reform and Strengthening Initiative The joint Bank-Department for Sources: IMF, World Bank, Palestinian Central Bureau of Statistics. 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