
World Bank Report: "Palestinian crisis is worse than expected"
8 May 2006
The World Bank circulated a new report on the Palestinian financial crisis. The report says that the crisis is worse than expected and it threatens to provoke a humanitarian crisis and the collapse of the Palestinian Authority. According to the report, 2006 is shaping up to be the worst year in recent times for Palestinians in the occupied Palestinian territories. The report follows the recent cut-off of financial aid to the Palestinian Authority. On Tuesday, Secretary-General Kofi Annan will host a high-level meeting on Tuesday of the diplomatic Quartet, the partnership of the United Nations, European Union (EU), Russia and the United States amid a potentially dangerous deterioration looming on the horizon. Read more about World Bank Report: "Palestinian crisis is worse than expected"