Foreign aid money disbursed to Palestinians

A new account has begun disbursing vital foreign aid to the Palestinians, with tens of millions of dollars expected to be used to pay civil servant salaries this week, the finance minister said.

Foreign aid money disbursed to Palestinians
A new account has begun disbursing vital foreign aid to the Palestinians, with tens of millions of dollars expected to be used to pay civil servant salaries this week, the finance minister said Sunday.

While Arab countries and Norway have already paid a total of $184 million into the new fund, the two biggest donors to the Palestinians, he said.

Fayyad, a U.S.-educated former International Monetary Fund executive and finance minister under the late Palestinian leader Yasser Arafat, returned to the Treasury in March after Hamas brought Fatah movement into the government.

In mid-May, Fayyad established a new channel for foreign aid — an account in the
Palestine Liberation Organization. Donor countries can now send money to this account, without concern that banks involved in the transfer would run up against U.S. anti-terror sanctions, he said.

Fayyad said the U.S. has sent a letter to the European Union with such assurances. U.S. officials were not immediately available for comment Sunday.
Last Mod: 04 Haziran 2007, 11:27
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