A month ago, on May 8, 2012, Reuters published an interview with Palestinian Authority Prime Minister Salam Fayyad:
Given the task of building institutions in readiness for statehood, Fayyad said his job was being imperiled by a lack of resources, with Arab nations failing to hand over promised aid.
"There is an issue of survivability of the Palestinian Authority given the acute financial crisis we are going through," he said, adding his government needed a "few hundred million dollars" to keep afloat.
Despite the fact that their Arab brothers are withholding their share of aid money, the Palestinian Authority has received billions of dollars in aid from the United States and the European Union. So why is the PA on the verge of collapse? Where has that money gone? According to former PA official Mohammed Rashid, it has been embezzled by PA leaders with President Mahmoud Abbas worth an estimated $100 million.
keyboard shortcuts: V vote up article J next comment K previous comment