EU Clears €18.7Mn In Aid For Palestinian Authority

...fectively cutting its liabilities by half. The move cuts the country’s debt service payments from $88mn in 1998 to $35mn in 2003 and pare payments down to an average of $39mn per year until 2011. Therefore debt service as a percentage of government revenue falls from 35% in 1998 to 11%. The move is part of th...