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World Bank pays $22.3 million to PA budget
BETHLEHEM (Ma'an) -- The World Bank on Tuesday said it paid $22.3 million to the Paleostinian Authority to help with a budget crisis.The funds are from a trust paid into by the governments of Australia, La Belle 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 Paleostinian 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 Paleostinian officials told Rooters on Monday that Israel had sought a $1 billion loan from the International Monetary Fund for the Paleostinian 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. Posted by: trailing wife 2012-07-08 |
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