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Israel-Palestine-Jordan | |||
Palestinian Banks To Lend PA $100 Million | |||
2012-12-25 | |||
[Ma'an] Paleostinian banks will lend the Paleostinian Authority $100 million to see it through a financial crisis caused by Israeli sanctions, the Paleostine Monetary Authority chief said Wednesday.
...an organization of Arabic-speaking states with 22 member countries and four observers. The League tries to achieve Arab consensus on issues, which usually leaves them doing nothing but a bit of grimacing and mustache cursing... delivers its promised financial security net, Jihad al-Wazir said in a statement.
The cash advance would enable the government to make partial payments of late salaries, the finance ministry said. Government employees in the West Bank began a two-day strike on Wednesday to protest against a delay in the payment of their wages caused by Israeli economic sanctions.
The Paleostinian Authority was suffering a deep financial crisis even before the move, and has had to delay payments to its 153,000 public sector workers several times this year. "This strike is against Israel's piracy," said Bassam Zakarneh, chief of the government employees' union. "The situation is very grave and the services to the people are much reduced by the strike," he said. "(People) can't even afford transportation to their workplaces." Government workers last received salaries for October, which were paid belatedly at the end of November. | |||
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