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| Israel-Palestine-Jordan | |
| Donor funding to PA dropped 85% since 2008, World Bank says | |
| 2021-11-10 | |
| [JPost] Like it's a bad thing. Trump and Kushner saw how this worked against peace Donor funding fell by 38% in the last year, after standing at $488 million in 2020. The Word Bank blamed the sharp decline in 2021 on the lack of donations from Arab countries in the Gulf.
The PA’s financial situation "remains fragile due to high public spending and very low external financing," the World Bank wrote in the document that was released in advance of the Ad Hoc Liaison Committee meeting in Norway on November 17. The group of 15 countries and international entities oversee donor funding for the Palestinians, including for humanitarian projects. It is also one of the few forums that bring Palestinians and Israelis together in direct dialogue. According to the World Bank, direct donor funding to the PA has dropped by 85% in the last 13 years, from $1.2b. in 2008 when it was at an all-time high, to $184 million this year — an all-time low. Donor funding fell by 38% in the last year, after standing at $488m. in 2020. The World Bank blamed the sharp decline in 2021 on lack of donations from Arab countries in the Gulf, a delay in European Union financial support, and low contributions to the World Bank’s Multi Donor Trust Fund. | |
| Posted by:Frank G |