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Palestinian funding from Arab countries dropped by 85% in 2020
 [JP] Their financial situation deteriorated amid the coronavirus pandemic, but also during a period when normalization agreements were being negotiated between several Gulf states and Israel.Palestinian officials have a feeling that the recent normalization agreements between Gulf states and Israel have led to a sudden decrease in funding from Arab states to the Palestinian Authority. According to The New Arab and data from the Palestinian Finance Ministry service, Ramallah has received no aid from Arab countries since March, in addition to a 50% decrease in foreign aid. Ramallah's total revenues dropped by about 70% this year. The Palestinian government's funding dropped by half with respect to foreign aid in the first seven months of the year, from $500 million in 2019 to $255 million in 2020, dropping in Arab aid during the same period by 85% — from $267 million in 2019 to $38 million in 2020. Palestinian Foreign Minister Riyad Al-Maliki examined the reasons behind the sudden fall in funding in a press conference, claiming that "most of the Arab countries did not abide by the decisions of the Arab summits to provide a financial safety net of $100 million for Palestine in the face of US and Israeli sanctions." Posted by: Besoeker 2020-09-24 |
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