Arab League urges members to ease PA financial crisis

BETHLEHEM, January 13, 2013 (Ma’an) – Arab foreign ministers agreed Sunday to form a delegation which is to put pressure on member states to fulfill their financial obligations to the Palestinian Authority, according to a statement.

As punishment for the United Nations General Assembly’s acceptance of Palestine as a non-member state, Israel has since early December withheld around $100 million in monthly tax revenue the country collects on behalf of the PA.

Following, Arab states agreed to provide the Palestinian Authority with a “financial safety net” worth a $100 million a month in order to help President Mahmoud Abbas’s government cope with the economic crisis.

The new delegation of Arab states will be comprised of PA Prime Minister Salam Fayyad, Arab League Secretary General Nabil al-Arabi, the Iraqi Foreign Minister and Lebanon’s Foreign Minister, Adnan Mansour.

The Arab League called on the international community to force Israel to release PA tax revenues, a statement from the Cairo meeting added.

Source: Ma’an News