PM orders transfer of NIS 250m. to the PA to ease crisis

September 11, 2012 22:41


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Prime Minister Binyamin Netanyahu on Tuesday night ordered the Treasury to transfer NIS 250 million to the Palestinian Authority to help ease its financial crisis, which has sparked two days of protests throughout the West Bank. His special envoy Yitzhak Molho arranged the transfer with the PA. Earlier in the day, during a meeting with Bulgarian Prime Minister Boyko Borissov Netanyahu said that Israel has taken a number of steps to help the PA.

Palestinian Authority Prime Minister Salaam Fayyad, who was the target of demonstrations on Monday, announced a series of economic moves to tackle the crisis on Tuesday. The measures included reducing the PA's VAT, suspending price hikes in fuels and the reduction of salaries and spending in various PA ministries.

Khaled Abu Toameh contributed to this report.

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