US increases financial aid to Palestinians, links it to progress in peace talks

PA to receive $440 million in US funds in 2014, an increase of $14 million from 2013.

By JPOST.COM STAFF
January 1, 2014 10:57
Kerry and Abbas in Ramallah, June 30, 2013

Kerry and Abbas 370. (photo credit: REUTERS)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

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.

JPOST VIDEOS THAT MIGHT INTEREST YOU:

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Human rights activists and friends of Saudi journalist Jamal Khashoggi hold his pictures during a pr
October 20, 2018
Amnesty condemns Saudi 'whitewash' in Khashoggi case, calls for autopsy

By REUTERS