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...