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Middle East
Islamic Development Bank needs more financial support for Palestine
2003-10-19
The Islamic Development Bank (IDB) on Friday called the Organization of the Islamic Conference (OIC) member states to increase its assistance and support to alleviate the sufferings of the people of Palestine.
None of which are their own damn fault, of course...
IDB president, Ahmed Muhammadi Ali, was reported by the Malaysian agency Bernama as saying the 57-member organization needed to mobilise resources to address the international crisis of humanity in Palestine and "restore empowerment, hope, integrity and dignity back to the Palestinian people."
Seems like there's always enough money available for ammunition. They can't be hurting that bad...
"The situation in Palestine and the human suffering has never been more catastrophic. We believe that more must be done to alleviate the sufferings. We must act together, and act now," he told reporters on the sidelines of the 10th OIC summit being held at the Putrajaya Convention Center. Ahmad said funds donated by OIC member states would be channeled to the Al-Aqsa Fund, established in October 2000 during an emergency Arab Summit Conference, with the aim of supporting the Palestinians. He said the situation in Palestine remained dire despite a substantial infusion of funds from many Arab donors, including aid contribution of over US$721 million to date. Although IDB and the Al-Aqsa Fund had supported the Palestinians economically, the state's economy declined to less than half its 1999 strength. The World Bank estimated that Palestine's Gross National Income dropped by 38 per cent between 1999 and 2002. Per capita income of Palestine had declined by almost 50 per cent compared to three years ago from US$1,750 to US$900 while poverty rate in the West Bank and Gaza had tripled and 2.5 million of the population was living under the poverty line. Meanwhile, unemployment grew three-folds in the last three years from 10 per cent in 2000 to nearly 40 per cent of the Palestinian work force today.
Good things the princes are willing to kick in. Otherwise they might have to get jobs.
Posted by:Fred Pruitt

#5  Wasa matter bad boys? Money sources drying up?? Having to beg for the plight of the Paleo's to get money to build more bombs? That's gotta be pocket change compared to what you were used to. Times are rough. Guess you'll just have to cinch that suicide belt in a notch or two.
Posted by: B   2003-10-19 8:38:48 PM  

#4   Be interesting to know how much of unemployment
rise is due to loss of jobs in Israel for Palestinians.
Posted by: Stephen   2003-10-19 7:41:04 PM  

#3  Ah yes,give more money to the Al Qsa Martyr's Brigade.That's the ticket,more Paleo boomers will fix the economy.
Posted by: Raptor   2003-10-19 7:32:38 PM  

#2  "Although IDB and the Al-Aqsa Fund had supported the Palestinians economically, the state's economy declined to less than half its 1999 strength"

Cause/Effect Lesson for the Paleos #8,427
Posted by: Frank G   2003-10-19 6:36:50 PM  

#1  Go ahead, OIC. Pour more of your money down that Palestinian black hole. At the very least, ol' Yasser can line his pockets with just a little more money...
Posted by: Bomb-a-rama   2003-10-19 5:40:42 PM  

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