News Briefs

  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.