Arab finance ministers will hold an emergency meeting in Cairo on Sunday to discuss helping the Palestinian Authority (PA) cope with a deepening cash crisis.
The emergency meeting is set to probe means of establishing a financial safety network and supporting the PA’s budget in light of the difficult conditions imposed by the Israeli occupation.
The meeting comes in implementation of a resolution issued at the end of the meeting of Arab foreign ministers on 21 April in Cairo.
Assistant Secretary-General of the Arab League Hossam Zaki said that the Israeli deductions of the PA revenues have caused a major financial problem and expressed his hope that the meeting would come up with positive results.
The PA has been struggling to pay civil servants salaries since February when Israel announced it would deduct $113 million of the revenues it transfers monthly to the PA from tax collected on imports over payments to the families of Palestinian political prisoners and martyrs.
