
Aid and the Palestine Financial Crisis: A viewpoint on an ongoing debate
27 April 2006
The sudden ascent of Hamas to power after the January 25 parliamentary elections in the Palestinian Authority (PA) areas has put at risk two vital sources of Palestinian finance: an aid package by Western donors of about $1 billion a year in humanitarian, developmental and budgetary support; and a monthly transfer by Israel of about $55 million in customs and tax revenues that it collects on behalf of the PA. Preserving the status quo, where international aid and customs revenues transfers are maintained at their 2005 levels, would not prevent Palestinian economic conditions from deteriorating. Read more about Aid and the Palestine Financial Crisis: A viewpoint on an ongoing debate