Tuesday, Oct. 24
Latest News
  1. Israeli authorities deliver demolition notices in Silwan
  2. 3 Gazans abducted while inside tunnel near Egyptian border
  3. Jerusalemite Palestinian sentenced to 16 years in prison
  4. Health condition of Palestinian shot by Israeli forces improves
  5. Families of Palestinian prisoners from Gaza visit relatives
  6. Israeli forces detain 66 Palestinians, majority teenagers, in raids
  7. Israeli forces open fire at Gaza fishermen
  8. Activists demand settlers leave Palestinian home in Hebron
  9. Israeli forces raid refugee camp, ransack homes in search of weapons
  10. Israeli forces detain Palestinian for allegedly planning attack

World Bank pays $22.3 million to PA budget

July 4, 2012 5:46 P.M. (Updated: July 8, 2012 3:46 P.M.)
BETHLEHEM (Ma'an) -- The World Bank on Tuesday said it paid $22.3 million to the Palestinian Authority to help with a budget crisis.

The funds are from a trust paid into by the governments of Australia, France, Kuwait, Norway, and the UK, the World Bank said in a statement.

It noted that the aid was slated to support education, health care and other social services and for the economic reforms undertaken by the West Bank government.

The Palestinian Authority labor minister said Saturday that due to the government's worsening financial crisis, public sector salaries would not be paid on time in July.

Israeli and Palestinian officials told Reuters on Monday that Israel had sought a $1 billion loan from the International Monetary Fund for the Palestinian Authority to prevent its financial collapse.

The Israeli newspaper Haaretz said the IMF turned down the request because it did not want to set a precedent of one state getting a loan on behalf of a non-state body.
Powered By: HTD Technologies
Ma'an News Agency
All rights reserved © 2005-2017