US Treasury Secretary Janet Yellen says she has urged Prime Minister Benjamin Netanyahu to take steps to shore up the West Bank’s economy by reversing steps taken after the October 7 Hamas terror onslaught in southern Israel.
“The United States has urged the Israeli government to release clearance revenue to the Palestinian Authority to fund basic services and to bolster the economy in the West Bank,” Yellen says during a press conference ahead of the G20 Finance Ministers and Central Bank Governors Meeting in Brazil.
“I welcome news that an agreement has been reached and that funds have started to flow,” she says of Norway’s decision to accept the Israeli framework for transferring tax revenues to the Palestinian Authority last week.
“I also recently outlined in a letter to Prime Minister Benjamin Netanyahu a number of steps that the US believes must be taken,” she says, adding that the steps include “reinstating work permits for Palestinians and reducing barriers to commerce within the West Bank.”
“These actions are vital for the economic well-being of Palestinians and Israelis alike,” Yellen says.
Help us report truthfully on social media
As a multimedia journalist, my job is to take the quality, fact-based journalism produced by The Times of Israel newsroom and make it accessible across every platform — from Instagram posts to podcasts to short-form videos.
This is how many, especially young people, consume news these days. But misinformation is rampant on social media. Our team at ToI produces accurate, responsible short-form reporting on Israel and the Jewish world.
If you believe in the importance of factual social media journalism, please consider joining our reader support group, The Times of Israel Community. Your financial support is essential to sustain responsible multimedia reporting.
— Gabriella Jacobs, multimedia journalist
Support our work
Support our work
Already a member? Sign in to stop seeing this
You're a dedicated reader
We’re really pleased that you’ve read X Times of Israel articles in the past month.
That’s why we started the Times of Israel - to provide discerning readers like you with must-read coverage of Israel and the Jewish world.
So now we have a request. Unlike other news outlets, we haven’t put up a paywall. But as the journalism we do is costly, we invite readers for whom The Times of Israel has become important to help support our work by joining The Times of Israel Community.
For as little as $6 a month you can help support our quality journalism while enjoying The Times of Israel AD-FREE, as well as accessing exclusive content available only to Times of Israel Community members.
Thank you,
David Horovitz, Founding Editor of The Times of Israel
Join Our Community
Join Our Community
Already a member? Sign in to stop seeing this
From the Liveblog of
Tuesday, February 27, 2024
Add ToI as a Preferred Source on Google
