The appointment of Morgan, part of the US investment bank, follows concern expressed by the World Bank about possible obstacles to the proper disbursement of donations.
The World Bank is co-ordinating the expenditure of dollars 1.2bn ( pounds 800m) pledged by 40 donor countries.
The appointment is an attempt to allay fears that the money will not be used for its intended purpose.
The PLO said: 'Morgan Stanley have been selected to help assure contributing nations and agencies that funds . . . would be managed with total transparency in a highly skilled and professioanl manner by one of the world's pre- eminent banks.'Reuse content