Palestinian president calls on Arab countries for financial support

"It has now become critical to activate the Arab safety net, to boost the resilience of our people and to enable the government to carry out its duties," President Mahmoud Abbas said.

By: Reuters
Dubai | Updated: May 16, 2024 08:02 PM IST

1 min read

Palestinian President Mahmoud Abbas (AP File Photo)

The Palestinian government has not received the financial support it had expected from international and regional partners, President Mahmoud Abbas said at an Arab League summit on Thursday.

“It has now become critical to activate the Arab safety net, to boost the resilience of our people and to enable the government to carry out its duties,” Abbas said.

Funding of the Palestinian Authority, the body which exercises limited governance of the occupied West Bank, has been severely restricted by a dispute over transferring tax revenue Israel collects on behalf of the Palestinians.

Funding from international donors has also been squeezed, falling from 30% of the $6 billion annual budget to around 1%, former Palestinian Prime Minister Mohammad Shtayyeh has said.

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