World Bank: PA needs $400 million lifeline for 2012

19.09.2012                      03.Tischrei. 5773                      Fasttag Gedaliah

Westjordanland:

World Bank: PA needs $400 million lifeline for 2012

Report calls on Israel to remove obstacles against Palestinian development of Area C; Foreign Ministry says PA financial difficulties connected to deteriorating economic situation in world and not the fault of Israel.

Development of Area C is necessary for sustainable Palestinian economic growth, the World Bank said in a report it published Wednesday calling for donor countries to pledge $400 million to fix a shortfall in the PA’s 2012 budget when the Ad Hoc Liaison Committee meets in New York on September 23….