Palestinian PM seeks emergency funds from World Bank

0 Comments | AFP, July, 2008

RAMALLAH, West Bank (AFP) — Palestinian prime minister Salam Fayyad on Tuesday requested emergency funding from the World Bank to pay Palestinian Authority staff, one of his aides said.

"Prime minister Fayyad requested emergency funding from the World Bank's trust fund," the aide told AFP on condition of anonymity, adding that the amount requested was 120 million dollars.

Since president Mahmud Abbas appointed the former World Bank economist as premier following the Hamas takeover of the Gaza Strip in June 2007, Fayyad has struggled to resurrect the economy in the Israeli-occupied West Bank.

The international community has pledged over 7.4 billion dollars in reconstruction aid to underpin US-backed peace talks but economic development has been stymied by...

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