Ramallah said to have received $38 million in first 7 months of 2020 compared to $267 million in early 2019
Arab aid for the Palestinian Authority plummeted by 85 percent in 2020, the New Arab reported Wednesday.
According to the report, while in the first seven months of 2019, Ramallah received $267 million from Arab states, this year’s figure was a mere $38 million.
Coupled with a slump in other foreign funding, this has resulted in PA’s coffers shrinking by some 70 percent, the report adds.
While the decline comes amid the COVID-19 coronavirus pandemic, the New Arab reports that PA officials suspect it could be linked with the recent normalization accords between Israel and two Arab states.
The report cites PA Foreign Minister Riyad Al-Maliki as saying that Arab states have failed to live up to the decision to provide Ramallah with a financial safety net of some $100 million reached at various summits.
According to the Arabic-language edition of the New Arab, US President Donald Trump told Israel’s Prime Minister Benjamin Netanyahu that he urged the wealthy Arab nations to slash the funding for Palestinians.
Earlier this month, Israel signed historic accords with the United Arab Emirates and Bahrain in a deal brokered by US Presiden Donald Trump.
Read More: I24