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      Free Daily Israel Report
      Archive: 12/21/2012
      09:09
      Reported

      News Brief

        12/21/2012, Tevet 8, 5773

      PA to Borrow Money to Pay Salaries


      The Palestinian Authority announced, Thursday, that it intends to borrow about $100 million from PA banks to pay some of the November salaries it owes its employees. A senior treasury official said half the salary will be paid in the coming week.

      The leadership in Ramallah is demanding the convening of an emergency meeting of Arab foreign ministers at the end of the month to discuss the PA's financial distress.