Donors examine Palestinian economic plight

Published April 11th, 2001 - 02:00 GMT

Top officials from donor states and world financial institutions met in Stockholm Wednesday, April 11, to discuss ways of trying to help ease the Palestinian economic crisis, a Swedish government spokeswoman said. 

 

The meeting of the "ad-hoc liaison committee," a group chaired by Norway that helps coordinate international financial assistance to the Palestinians, was called "because of the very, very crucial economic situation on the West Bank and Gaza," the spokeswoman told AFP

 

Participants including the United States, the European Union, several Arab countries, the World Bank, the International Monetary Fund and the Islamic Development Bank could also decide whether and when to organize a Palestinian donors' conference at the ministerial level, she said. 

 

Wednesday's meeting was called jointly by Norway and Sweden, which currently holds the rotating six-month EU presidency. 

 

It comes in the seventh-month of an intense escalation of violence between Palestinians and Israel, which has significantly undermined the Palestinian economy and the finances of the self-rule Palestinian Authority. 

 

The EU promised earlier this year to extend 60 million euros in fresh assistance to the Palestinian leadership, but that money has not yet been disbursed. 

 

The spokeswoman said Swedish officials would give more details on the meeting later Wednesday. — (AFP, Stockholm) 

 

© Agence France Presse 2001

© 2001 Mena Report (www.menareport.com)

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