Egypt deposits five million dollars into Palestinian funds

Published November 12th, 2001 - 02:00 GMT

Arab donations into two funds set up to support the Palestinian uprising against Israel have increased to $680.5 million after Egypt deposited five million dollars, the Islamic Development Bank (IDB) said Sunday, November 11. 


The payments to November 10 represent 98.2 percent of the sums which 12 Arab countries pledged to the funds, Jeddah-based IDB said in a statement. A bank spokesman told AFP that nine of the 12 donor countries had fully met their commitments: Kuwait ($150 million), Qatar ($50 million), Algeria ($30 million), Oman ($10 million), Syria (seven million dollars), Bahrain (three million dollars), Jordan (two million dollars), Saudi Arabia (250 million dollars) and the United Arab Emirates ($150 million). 


Of the rest, Egypt has paid in $20 million of its 30 million, Yemen has contributed eight million dollars of its commitment of 10 million and Sudan has met half its one-million-dollar commitment. According to the statement, $468 million have been allocated by the IDB to the Palestinian Authority (PA). 


Palestinian Ambassador to Saudi Arabia Mustafa Dib said $360 million have so far been received by the PA, mostly in the form of loans and grants to hospital, education and infrastructure projects in the Palestinian territories. Another $45 million will be delivered on November 28 raising to $405 million Arab donations transferred to the PA.  


The Jerusalem Intifada Fund was created in October 2000 to support the families of Palestinians killed or wounded, and the Al-Aqsa Fund to "preserve the Islamic character of East Jerusalem" and support the Palestinian economy. They are both managed by the IDB. 


At the time, Arab states pledged a total of one billion dollars to the two funds, but the sums committed so far have reached $693 million, IDB said. — (AFP, Riyadh) 


© Agence France Presse 2001 

© 2001 Mena Report (

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