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From the Liveblog of
Friday, July 19, 2024
From the Liveblog of
Friday, July 19, 2024
EU promises PA $435 million in emergency financing — if it moves ahead with reforms
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A man walks outside the West Bank Ramallah municipality building on May 24, 2024, adorned with flags of Spain, Ireland and Norway. (Ahmad Gharabli/ AFP)
The European Commission says it will provide the Palestinian Authority with 400 million euros ($435.5 million) in emergency financial support in the coming two months.
The money will be disbursed in the form of grants and loans in three payments between July and September, subject to progress in the implementation of the reform agenda of the Palestinian Authority, the Commission says.
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