World Bulletin / News Desk
Israel had condemned the Palestinian move to join the ICC, saying it was a unilateral step that undermined prospects for a negotiated peace settlement.
The move forced the Western-backed Palestinian Authority to cut most of its employees' salaries by 40 percent and to resort to an emergency budget.
An Israeli government official, who declined to be named, said in a statement that 1.85 billion shekels ($473 million) would be transferred after negotiations resulted in a deal.
The transfer was meant to ensure regional stability and for humanitarian considerations, the official said, but gave no further details. According to the statement, Israel's state-owned electric corporation says it is owed about $510,000 by the Palestinians.
Following international pressure, Israel agreed last month to resume the transfers and said it would pay $400 million, having deducted money it said the Palestinians owed for utilities and medical treatment.
However, Abbas said he would not accept this sum since Israel had made its deductions unilaterally. The current agreement appears to have resolved this issue.
"An agreement was reached to send three months' worth of funds in full and a joint (Palestinian-Israeli) committee will discuss all the amounts that belong to us and what we owe," Abbas said.Last Mod: 18 Nisan 2015, 15:38