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Tuesday, January 1, 2013
Algeria Transfers $26m [early] to Alleviate PA Financial Crisis

Algeria Transfers $26m to Alleviate PAs Financial Crisis
http://english.wafa.ps/index.php?action=detail&id=21438

CAIRO, January 1, 2013 (WAFA) Algeria transferred $26 million to the
Palestinian Authority to help it solve part of its severe financial crisis,
deputy Arab League secretary-general Ahmed Ben Helli said Tuesday.

He said that Algeria has informed the Arab League that it has decided to
transfer the $26 million, which were due in April, to alleviate part of the
PAs severe financial crisis.

Ben Helli said Arab League Secretary-General Nabil Elaraby has sent urgent
letters calling on Arab governments to speed up the implementation of the
monthly $100 million safety net agreed on in the Baghdad summit to help the
PA overcome its financial crisis that led to PAs inability to pay salaries
for its employees.

The $100 million equal the amount of Palestinian tax revenues that come
through Israel and which Israel has decided to freeze to punish the PA for
becoming a non-member state of the United Nations.

M.H./M.S.

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