Middle East Economic Survey
VOL. XLIX
No 9
27-February-2006
PALESTINE
PA Faces Severe Financial Crisis
Palestinian Minister of National Economy Mazin Sankart has warned that a stifling financial crisis awaits the next Palestinian government, given the budget deficit of some $700mn that the Palestinian Authority (PA) has accumulated recently because of a shortfall in pledged international financial support. Mr Sankart explained that following the election of President Mahmud 'Abbas, a donors meeting...
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