BREAKING NEWS

Steinitz: Frozen funds will be released to the PA

By JPOST.COM STAFF

MAY 16, 2011 01:16

Finance Minister Yuval Steinitz ordered an end to the freezing of funds headed to the Palestinian Authority upon receiving clarifications on Sunday following a two week delay in transferring the funds.

Steinitz ordered a meeting with representatives from the Treasury and the PA in the coming days in order to facilitate the transfer. The move comes after the government received adequate clarifications from the PA that it would not transfer the funds to Hamas activists or any terror groups. There was not to be any changes to the was the money was used in the past, according to a press release from the Ministry of Finance.

The statement noted, however, that as Hamas begins participating in the Palestinian government in coming months or if the PA changes its attitude toward terrorism, Israel reserves the right to halt the transfer of funds.

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