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Middle East
World Bank pumps $15 mln down the rathole to Palestinian Authority
2003-12-02
The World Bank is giving the Palestinian Authority’s finance ministry an emergency $15 million grant to improve battered education, health and social services in the West Bank and Gaza.
Hamas, Fatah and IJ must be short of weapons stocks - think 10% of this money will reach the people it’s "meant" to help?
"The grant will finance goods and operating expenditures such as water, electricity, rent, ammo, which are essential to deliver education, health and social welfare programs, as well as items to keep key economic management ministries functioning," the bank said in a statement Tuesday. The grant follows a $25 million transfer made at the end of last year for the same emergency services project in Suha’s apartment in Paris the West Bank and Gaza. "After three years of ’intifada’ all Palestinian economic indicators show steep decline," the bank said.
no shit? cause/effect anyone?
Surely no one could have foreseen that? Surely someone cares?
Gross domestic product has shrunk by more than 30 percent since before the Palestinian uprising and although there have been signs the economy is stabilizing, it is a very low level, the bank said. The Palestinian Authority’s fiscal position is "precarious," the bank said, with a budget gap of about $25 million a month, partly because budget support from donors was lower than expected. "Donor support for the budget has dwindled rapidly in recent months, partly because support from Arab League states has fallen short of pledges, and partly because support from the European Commission -- while committed -- has been disbursed at a slower pace than anticipated," the bank said
Partly because donors are tired of Arafat and cronies pilfering funds
Posted by:Frank G

#2  "After three years of ’intifada’ all Palestinian economic indicators show steep decline," the bank said.

So, the solution is to perpetuate the sorry situation by throwing in even more money? Shit, give ME the $15 mil. I can do a lot more good with it than the Palestinian Authority any day.
Posted by: Bomb-a-rama   2003-12-2 9:14:29 PM  

#1  You mean the World Bank is giving money for the types of school books the Palestinian children have been reading???!!! Supporting the same teachers that teach their kids jihad and play with (hopefully) play handgrenades in the classroom? God save us all!!!!!
Posted by: SamIII   2003-12-2 8:49:19 PM  

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