Palestinian Finance Minister Salam Fayad announced creation of a holding company that will handle all Palestinian Authority funds, a key reform demanded by the United States and others. U.S. and European governments have complained for years that the Palestinian financial structure is not transparent and does not allow donors to follow their money to projects for the benefit of the people. Moving control of public and private funding to the new holding company, Fayad said, "I think it can ensure accountability and transparency and it will encourage the investors, especially those in the private sector."
It'll probably take several hours for Yasser and his minions to figure a way to jigger the system... |