Sunday, January 06, 2013

  • Sunday, January 06, 2013
  • Challah Hu Akbar

Guest post by Challah Hu Akbar, aka CHA or Challah

***

The Palestinian Authority is currently undergoing a serious financial crisis. Abbas and Fayyad have been begging for money for quite some time now in order to alleviate the crisis, however, they are getting nothing beyond pledges.

In an interview with the Associated PressSalam Fayyad says that the recent financial troubles for the PA have been caused “solely” as a result of the failure of Arab states to fulfill their pledges to the Palestinian Authority.
The Palestinian self-rule government is close to being "completely incapacitated," largely because Arab countries haven't delivered hundreds of millions of dollars in promised aid, Palestinian Prime Minister Salam Fayyad said in an interview with the Associated Press Sunday. 
…Fayyad said his budget deficit has widened in recent years, blaming Arab states that broke aid promises. 
"The financing problem that we've had in the last few years is solely due to some Arab donors not fulfilling their pledge of support in accordance with Arab League resolutions," Fayyad said. European countries kept all their aid commitments and the U.S. honored most, with the exception of $200 million held up by Congress last year, he added.
While Fayyad is going public (he made similar comments in late December) with the truth, other Palestinian officials will continue to blame the US or try and use blackmail


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