Meet the most influential figures in the Jewish world
US increases financial aid to Palestinians, links it to progress in peace talks
January 1, 2014 10:57
PA to receive $440 million in US funds in 2014, an increase of $14 million from 2013.
Kerry and Abbas in Ramallah, June 30, 2013

Kerry and Abbas 370. (photo credit:REUTERS)

The United States has increased its financial aid to the Palestinian Authority, but linked this aid to progress in Israeli-Palestinian peace talks, Palestinian news agency Ma'an reported on Wednesday.

The American aid will be increased from $426 million in 2013 to $440 million in 2014, said Maen Rashid Areikat, the head of the PLO delegation in Washington DC.

Be the first to know - Join our Facebook page.

Despite the increase, the 2014 US aid is significantly lower than previous years. In 2011, the US provided the PA $545 million in aid money, and $495 in 2012.

The United States Agency for International Development (USAID) provides funding for economic projects, security, judiciary needs and promotion of government transparency.

Ahead of the resumption of peace talks, US Secretary of State John Kerry introduced a $4 billion economic plan to revitalize the Palestinian economy.

According to Kerry, the plan will focus on developing the Palestinian private economy, a key ingredient for economic independence.

Tovah Lazaroff contributed to this report.
Relevant to your professional network? Please share on Linkedin

  • Palestinian Authority
  • Peace process
  • United States
  • finance
  • Prev Article
    Person of the year in regional affairs: Gen. Abdel Fattah al-Sisi
    Egypt's Army Chief General Abdel Fattah al-Sisi meeting with Russian delegation in Cairo, Nov 14.
    Cairo University students supporting the Muslim Brotherhood.
    Egypt police fire tear gas at protesters in Cairo
    Next Article
    Share this article via
    from around the web
    Related Content
    Demonstrators protest Trump in Nablus in the West Bank in January
    February 21, 2017
    Demonstrators in Ramallah protest Trump policies on Israel-Palestinian conflict


    Top Stories
    Israel Weather
    • 8 - 16
      Beer Sheva
      9 - 17
      Tel Aviv - Yafo
    • 6 - 14
      8 - 16
    • 11 - 20
      9 - 20