Palestinian Authority reported that Qatar had answered its plea for funding.
World Bank reports that in the 1st 6 months of 2013, the West Bank economy shrank for the 1st time in 10 years following serious decline in foreign financial assistance & restrictions imposed by Jerusalem.
By Reuters & Israel Hayom Staff
The Persian Gulf state of Qatar has granted $150 million to the Palestinian Authority to help revive its economy, PA Prime Minister Rami Hamdallah said on Wednesday.
Palestinian Authority Prime Minister Rami Hamdallah – Photo: AP
The PA, which relies on foreign aid to plug a chronic budget deficit, has long struggled to pay salaries of some 170,000 civil servants and finance the costs of running main services in the West Bank and the Gaza Strip. Continue Reading »
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