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PA finances

News and updates about PA finances

Saudis Offer More Money to Cash-Strapped PA

Saudi Arabia will contribute $20 million each month to the Palestinian Authority, a Saudi official says.

Saudis Offer More Money to Cash-Strapped PA

PA to Receive $100 Million from Saudi Arabia

The Palestinian Authority, facing its worst financial crisis ever, will receive financial assistance from Saudi Arabia.

PA to Receive $100 Million from Saudi Arabia

Abbas Warns of Hardships for PA Without Arab 'Safety Net'

PA Chairman warns that if Arab countries don't deliver on their promised 'safety net', the PA will be in a difficult situation.

Abbas Warns of Hardships for PA Without Arab 'Safety Net'

Arab League Chief to Visit Ramallah, Discuss 'Safety Net'

Arab League chief Nabil al-Arabi will visit Ramallah and focus on a financial "safety net" to ease the economic crisis in the PA government.

Arab League Chief to Visit Ramallah, Discuss 'Safety Net'

Arab Countries Evading Commitment to PA, Charges Fayyad

PA Prime Minister Salam Fayyad calls for an urgent Arab summit to address the PA's financial crisis.

Arab Countries Evading Commitment to PA, Charges Fayyad

PA Government Workers Go on Strike

Employees of the Palestinian Authority government across Judea and Samaria start a strike over unpaid salaries. As usual, they blame Israel.

PA Government Workers Go on Strike

Fayyad Urges Arab Nations to Follow Up on 'Safety Net'

PA prime minister Salam Fayyad urges Arab League nations to make good on $100 million a month in pledged "safety net" funds.

Fayyad Urges Arab Nations to Follow Up on 'Safety Net'

Arab League Pledges Financial 'Safety Net' to Abbas

Representatives of the Arab League pledge to transfer a monthly sum of 100 million dollars as a “financial safety net" for PA.

Arab League Pledges Financial 'Safety Net' to Abbas

Israel Transferred Money to PA Despite UN Bid

Two days before the vote in the UN on the PA's statehood bid, Israel transferred 200 million shekels to the PA to pay its employees.

Israel Transferred Money to PA Despite UN Bid

Steinitz Threatens PA with Sanctions Over UN Bid

Finance Minister Yuval Steinitz threatens to freeze transfer of tax revenues if the PA continues its unilateral statehood bid.

Steinitz Threatens PA with Sanctions Over UN Bid

Report: Fayyad to Resign as PA's Prime Minister

Palestinian Authority Prime Minister Salam Fayyad has presented a plan to form a more inclusive factional government.

Report: Fayyad to Resign as PA's Prime Minister

Israel Helps PA Economy, Lets More Workers In

Israel’s latest measures to improve the PA economy include approval of construction projects, more permits, and more Gaza exports.

Israel Helps PA Economy, Lets More Workers In

European Minister Blames Israel for PA Crisis

European minister blames Israel for PA's financial crisis as its finance minister warns that efforts to create a state could collapse.

European Minister Blames Israel for PA Crisis

Israel, PA Talking About Developing Gas Field Off Gaza

Israel has held talks with the PA over the development of a gas field off the coast of Gaza, says a report by the Israeli foreign ministry.

Israel, PA Talking About Developing Gas Field Off Gaza

PA Ends Restriction on Imports from Israel

Decision is an attempt to reduce spiraling prices as transportation union says it plans new protest actions.

PA Ends Restriction on Imports from Israel

IMF and World Bank Warn: PA Risks 'Social Upheaval'

The Palestinian Authority faces a $400 million budget shortfall, the World Bank and the International Monetary Fund warn.

IMF and World Bank Warn: PA Risks 'Social Upheaval'

Protests Prompt Netanyahu to Give PA Aid Package

Netanyahu orders the transfer of a 250 million shekel advance to the PA from tax revenues collected by Israel.

Protests Prompt Netanyahu to Give PA Aid Package

Fayyad: Ready to Resign Over Protests

PA Prime Minister Salam Fayyad says he will resign if that's the will of the people, blames Israel for the PA’s financial troubles.

Fayyad: Ready to Resign Over Protests

'Arab Spring' Hits PA as Hundreds Protest in Shechem

Hundreds of protesters gather in the main square in Shechem, calling for the ouster of PA Prime Minister Salam Fayyad.

'Arab Spring' Hits PA as Hundreds Protest in Shechem

Britain to Support PA Financially Despite UN Bid

British official confirms his country will not suspend financial aid to the PA even if it turns to the UN for recognition as a state.

Britain to Support PA Financially Despite UN Bid

Abbas to Ask Islamic Countries for Major Aid

PA Chairman Abbas to present Islamic countries with a multi-sector aid plan to lift the PA out of its financial crisis.

Abbas to Ask Islamic Countries for Major Aid

Abbas Meets Blair, Asks for Financial Support

PA Chairman Mahmoud Abbas meets Quartet representative Tony Blair, called to support the PA financially.

Abbas Meets Blair, Asks for Financial Support

PA, Israel Sign Agreements on Taxes, Transfer of Goods

Finance Minister Steinitz and PA Prime Minister Fayyad agree on arrangements regarding taxation and the transfer of goods.

PA, Israel Sign Agreements on Taxes, Transfer of Goods

World Bank Says PA Economy Unsustainable

New World Bank report says the economic growth in the PA is unsustainable and cannot support a future state.

World Bank Says PA Economy Unsustainable

Saudis Give PA Emergency Donation, Fayyad Welcomes It

PA Prime Minister Salam Fayyad hails an emergency $100 million donation received from Saudi Arabia at the request of PA Chairman Abbas.

Saudis Give PA Emergency Donation, Fayyad Welcomes It

Abbas Meets Saudi King, Seeks Urgent Financial Aid

PA Chairman Mahmoud Abbas visits Saudi Arabia, meets King Abdullah to seek urgent aid for his administration.

Abbas Meets Saudi King, Seeks Urgent Financial Aid

IMF Tells PA: Loan Request Denied

In a sign of how close the Palestinian Authority is to fiscal ruin, the IMF has denied a $100 million bridge loan via Israel.

IMF Tells PA: Loan Request Denied

PA Facing 'Worst Financial Crisis' Ever, Says Minister

The Palestinian Authority government is facing its “worst financial crisis” since its establishment, its labor minister says.

PA Facing 'Worst Financial Crisis' Ever, Says Minister

Gaza Banks in Currency Crisis

Gaza banks are answering withdrawal requests with multiple currencies, leading to an exchange rate crisis for local residents.

Gaza Banks in Currency Crisis

PA to Open Duty Free Shop in Jericho

Palestinian Authority planning to open a duty-free shop in Jericho, near the Allenby Bridge crossing.

PA to Open Duty Free Shop in Jericho

Obama Bypasses Congress, Frees Aid to PA

President Barack Obama signs a waiver declaring that aid to the PA is “important to the security interests of the United States.”

Obama Bypasses Congress, Frees Aid to PA

Abbas: Hamas Unity Deal 'Frozen'

PA Chairman Mahmoud Abbas said unity with Hamas is going nowhere; and issued 'demands' for financial support to the Arab League.

Abbas: Hamas Unity Deal 'Frozen'

U.S. Unblocks Aid to Palestinian Authority

Two Republicans in the House of Representatives release restrictions on the disbursement of U.S. assistance to the PA.

U.S. Unblocks Aid to Palestinian Authority

PA Wants Money More Than Peace

The PA is more than willing to talk about revenue building measures even as it refuses to come to the table to negotiate peace.

PA Wants Money More Than Peace

EU Contributes Funds to Upgrade Crossing into Gaza

EU contributes 13 million euros to upgrade the Kerem Shalom crossing through which goods enter Gaza.

EU Contributes Funds to Upgrade Crossing into Gaza

PA Denies 'Secret Economic Talks' with Israel

Israeli press reported that the Finance Ministry and the PA hope to sign a new economic agreement.

PA Denies 'Secret Economic Talks' with Israel

PA Prime Minister: No Aid Means Reduction in Expenses

PA Prime Minister Salam Fayyad says his government will reduce expenses if donor countries fail to pay aid they pledged to the PA.

PA Prime Minister: No Aid Means Reduction in Expenses

New PA Threat: End Cooperation With Israel

The latest PA threat is to downgrade ties with Israel and cease security cooperation as the PLO rededicates itself to "resistance."

New PA Threat: End Cooperation With Israel

PA Corruption Probe: Maybe, Maybe Not

Ramallah's vaunted corruption probe proves to be more politics than principles as lawmakers say it all depends on unity talks with Hamas

PA Corruption Probe: Maybe, Maybe Not

Second PA Minister Indicted in Corruption Probe

Ramallah's ongoing corruption probe continues to cast doubts on popular claims that the PA is 'ready for statehood.'

Second PA Minister Indicted in Corruption Probe

Fayyad Warns: No Tax Money - No More PA

Palestinian Authority Prime Minister Salam Fayyad: If Israel doesn't transfer our tax money, we will fail financially and cease to exist.

Fayyad Warns: No Tax Money - No More PA

Cabinet Votes to Maintain PA Funds Freeze

The Netanyahu government has decided to maintain its deep freeze on $100 million in monthly tax revenue transfers to Ramallah.

Cabinet Votes to Maintain PA Funds Freeze

Report: PA Expects Israeli Funds to Resume

Officials in Ramallah don't believe Netanyahu's decision to freeze tax revenue transfers will be long lived.

Report: PA Expects Israeli Funds to Resume

Finance Ministry: PA Funds Not Delayed

Contrary to reports Finance Minister Yuval Steinitz had blocked NIS 380 million to the PA officials say the money will be "on time."

Finance Ministry: PA Funds Not Delayed

PA Gets EU Bailout

The EU and Sweden step in to save the PA from yet another financial crisis.

PA Gets EU Bailout